CBIS on NASDAQ LOLOLOLOL! They can't qualify if their life depended on it. NASDAQ only allows real companies with real revenue and real cash flow. No penny scams qualify for NASDAQ.
Is CBIS $4/Share? No. $11_Million earnings? No. $27.5_Million Cash flow? No
Uplisting to NASDAQ is not as easy as filling out a form for a credit card. Only legit companies with legit business can uplist to NASDAQ. Sure, any company can fill out the application, but it's a waste of time & will get rejected.
This information has been posted before, and you can go read it for yourself.
1. regular bid price at time of listing must be $4, and there must be at least three market makers for the stock. However, a company may qualify under a closing price alternative of $3 or $2 if the company meets varying reequirements.
.............. AND .............
2. The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the prior two years at least $2.2 million,
............... OR ..........
3. The company must have a minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years. In addition, its average market capitalization over the prior 12 months must be at least $550 million
That's the plan, sir. The restructure was done with the intention of starting a new class of shares, rewarding prior shareholders who have stayed patient with the dividend and listing on the Nasdaq.
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