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Wednesday, April 27, 2022 9:40:01 PM
Sundial will regain compliance with this requirement if at any time prior to August 8, 2022, the closing bid price of its shares is at least US$1.00 for a minimum of ten consecutive business days. Sundial continues to monitor market sentiment and developments in the cannabis industry and is committed to the maintenance of its NASDAQ listing. If there is no significant change in market conditions, Sundial intends to implement a reverse share split in the third quarter of 2022, subject to prior shareholder approval which is expected to be obtained at the Company's 2022 Annual General Meeting.
Excerpt from the Annual & Q4 Report
If SNDL doesn’t regain Nasdaq compliance (10 consecutive days above $1/share) the company will vote and likely approve a reverse split by Q3 2022.
I’m not sure what measure would move SNDL up above $1, certainly not the reports released tonight. Maybe securities regulations or cannabis deregulation/rescheduling in the US, Q1 earnings with Alcanna projections? While the reverse split seems inevitable, it is by no means a certainty as you claim.
Recent SNDL News
- SNDL Acquires Delta 9 Cannabis' Debt, Ascends to Senior Secured Creditor Status • PR Newswire (US) • 07/06/2024 01:15:00 AM
- SNDL Acquires Delta 9 Cannabis' Debt, Ascends to Senior Secured Creditor Status • PR Newswire (Canada) • 07/06/2024 01:15:00 AM
- SNDL Enters into a Stalking Horse Purchase Agreement for Indiva Limited's Business and Assets • PR Newswire (Canada) • 07/05/2024 11:48:00 PM
- SNDL Enters into a Stalking Horse Purchase Agreement for Indiva Limited's Business and Assets • PR Newswire (US) • 07/05/2024 11:48:00 PM
- KCSA Cannabis Virtual Investor Conference Presentations Now Available for Online Viewing • GlobeNewswire Inc. • 06/06/2024 12:35:00 PM
- KSCA Cannabis Virtual Investor Conference Agenda Announced for June 5th • GlobeNewswire Inc. • 05/31/2024 12:43:44 PM
- SNDL to Present at the KCSA Cannabis Virtual Investor Conference June 5th • GlobeNewswire Inc. • 05/31/2024 12:35:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/09/2024 03:15:53 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/09/2024 03:13:44 PM
- U.S. Index Futures Dip, Bank of England Holds Interest Rates at 5.25% • IH Market News • 05/09/2024 11:47:20 AM
- SNDL Reports First Quarter 2024 Financial and Operational Results • PR Newswire (US) • 05/09/2024 10:00:00 AM
- SNDL Reports First Quarter 2024 Financial and Operational Results • PR Newswire (Canada) • 05/09/2024 10:00:00 AM
- SNDL and Nova Cannabis Complete the Assignment of Dutch Love Stores to Nova Cannabis • PR Newswire (US) • 05/09/2024 09:30:00 AM
- SNDL and Nova Cannabis Complete the Assignment of Dutch Love Stores to Nova Cannabis • PR Newswire (Canada) • 05/09/2024 09:30:00 AM
- SunStream USA Poised to Acquire Cannabis Assets • PR Newswire (Canada) • 05/02/2024 11:00:00 AM
- SunStream USA Poised to Acquire Cannabis Assets • PR Newswire (US) • 05/02/2024 11:00:00 AM
- Cannabis Stocks On The Move Amid DEA Reclassification Indication • AllPennyStocks.com • 04/30/2024 08:59:00 PM
- SNDL to Announce First Quarter 2024 Financial Results on May 9, 2024 • PR Newswire (Canada) • 04/26/2024 11:00:00 AM
- SNDL to Announce First Quarter 2024 Financial Results on May 9, 2024 • PR Newswire (US) • 04/26/2024 11:00:00 AM
- SNDL to Participate in Upcoming International Cannabis Conferences • PR Newswire (US) • 04/09/2024 11:00:00 AM
- SNDL to Participate in Upcoming International Cannabis Conferences • PR Newswire (Canada) • 04/09/2024 11:00:00 AM
- SNDL and Nova Cannabis Announce Assignment of Dutch Love Stores to Nova Cannabis and Extension of Credit Facility • PR Newswire (Canada) • 04/01/2024 11:29:00 PM
- SNDL and Nova Cannabis Announce Assignment of Dutch Love Stores to Nova Cannabis and Extension of Credit Facility • PR Newswire (Canada) • 04/01/2024 11:29:00 PM
- SNDL and Nova Cannabis Announce Assignment of Dutch Love Stores to Nova Cannabis and Extension of Credit Facility • PR Newswire (US) • 04/01/2024 11:29:00 PM
- U.S. Index Futures Rise as Fed’s Dovish Outlook Spurs Positive Investor Sentiment; Oil Prices See Minor Declines • IH Market News • 03/21/2024 11:26:38 AM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM