Replies to post #9781 on Sundial Growers Inc (SNDL)

[BefallenKnight]

That’s Very Misleading - Split is Mentioned, Not Guaranteed

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.