OrganiGram Holdings Inc (OGI)

[GMason]

Big deal they possibly could get a few extra months To get back in compliance. Details from Nasdaq below. Fact is company lost 40 plus million just last quarter, they dilute like crazy and their products just don’t sell well. This is a huge Moncton Turd!! And most importantly read the last part about the reverse split I’m sure that’s OGI’s game plan.

“ Particularly, newly deficient companies with bid price, market value of listed securities, or market value of public float requirements have at least 180 days to regain compliance and may be eligible for additional time before delisting. These companies can submit a plan to Nasdaq Listing Qualifications describing how they intend to regain compliance. For example, Nasdaq may allow the company up to an additional 180-day grace period to come back into compliance with the $1.00 minimum bid price requirement, provided the company (1) has met the stockholder equity requirements of the applicable Nasdaq market at the time of expiration of the first 180-day grace period and (2) provides Nasdaq with written notice that it intends to regain compliance with the bid price requirement during the second 180-day compliance period, by effecting a reverse stock split if necessary.”