News report 📈 Stocks 🌍 Canada ISIN CA1380351009

Canopy Growth Seeks Second Reverse Stock Split to Maintain NASDAQ Compliance

Canopy Growth faces a critical shareholder vote on September 25 to authorize a reverse stock split as shares dip below $1, threatening the company's NASDAQ listing status.

📅 September 23, 2026 🕐 1 min read

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📅 Short-term 🌍 CA · Explicit

Canopy Growth is seeking shareholder approval for another reverse stock split to maintain NASDAQ listing compliance, with improved quarterly results but shares trading below $1.

🎯 Key Takeaways

Canopy Growth shares have fallen roughly 80% since the company's previous reverse split in December 2023.
The company reported a 13% revenue increase and a 68% reduction in losses for the first quarter of fiscal 2027.
Shareholders are scheduled to vote on the new reverse split proposal on September 25 to ensure continued exchange compliance.

📝 Executive Summary

Canopy Growth is asking shareholders to approve a second reverse stock split on September 25 to maintain its NASDAQ listing. With shares trading back below the $1 threshold, the company aims to avoid delisting risks despite recent improvements in quarterly financial performance.

❓ FAQ

Why is Canopy Growth proposing another reverse stock split?

The company's share price has fallen below the $1 minimum requirement for NASDAQ listing, and a reverse split is necessary to maintain compliance and avoid potential delisting.

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