“High Tide Announces Filing of Form 40-F with SEC Fulfilling a Significant Milestone for the NASDAQ Listing”
CALGARY, AB, March 22, 2021
Stock price 03/22/2021 $0.6838
Estimated reverse split ratio 1 for 8 (per The Charles Report)
Good News - The outstanding share count of approximately 635,962,000 will be reduced to approximately 80 million shares outstanding.
Bad News - My current share count of 36,000 will be reduced to approximately 4,500.
$4.00
"Each company must have a minimum of 1,250,000 publicly traded shares outstanding upon listing, excluding those held by officers, directors, or any beneficial owners of more than 10% of the company. The regular bid price of shares of the company's stock at the time of listing must be at least $4.00."