Sundial Growers Regains Nasdaq Compliance

Sundial Growers (NASDAQ: SNDL) has gone against all odds, and done something that was unexpected by the majority of investors. The company this morning indicated that it has regained compliance with Nasdaq’s minimum bid price requirement.

The minimum bid price requirement stipulates that a company must maintain a minimum bid price of US$1.00 to be in compliance with exchange regulations. The company had fallen out of compliance with this requirement last year, and notably went to great lengths to avoid conducting a reverse split of its equity, which is the path that most firms take for simplicity.

However, with the recent shift in sentiment within the cannabis space, the company has managed to maintain a minimum bid price of US$1.00 for at least ten consecutive business days, bringing the company back into compliance. As a result, the matter is now closed.

Sundial Growers last traded at $2.19 on the Nasdaq.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

ESGold Outlines $24.3 Million NPV For Tailings Reprocessing Project

First Majestic Encounters 711 g/t Silver Equivalent Over 8.0 Metres In Ongoing Exploration At Los Gatos

Related News

Sundial Growers Finally Closes Purchase Of Alcanna

Sundial Growers (NASDAQ: SNDL) has finally closed on its much-delayed purchase of retailer Alcanna Inc...

Thursday, March 31, 2022, 08:25:35 AM

Sundial: Analysts Expect Positive EBITDA For Q3 2021

Sundial Growers (NASDAQ: SNDL) announced that they will be reporting their third quarter financials after...

Tuesday, November 9, 2021, 05:18:00 PM

Sundial Growers Sinks 7% Following “Record” Revenue, Wider Net Loss In Q2 2022; Rebrands To SNDL

SNDL Inc. (Nasdaq: SNDL) reported on Friday its Q2 2022 financial results. The firm recorded quarterly...

Monday, August 15, 2022, 10:16:09 AM

Sundial: “Limited Financial Synergies Arising From the [Inner Spirit] Transaction”

Sundial Growers Inc. (NASDAQ: SNDL) has had a somewhat busy M&A news week this week,...

Sunday, May 9, 2021, 04:41:00 PM

Sundial Growers Drops Two Tiers At Nasdaq To Avoid Near Term Reverse Split

Sundial Growers (NASDAQ: SNDL) appears to be doing all that it can to avoid being...

Friday, December 11, 2020, 08:46:46 AM