That is not true. You're looking at the Earnings Standard for the Global Select Market.
There are 3 other standards, and AMMJ won't be listing on the Global Select Market.
My guess is that after the merger, they'll qualify under the Equity Standard for the Nasdaq Capital Market....$5 million of equity, $15 million of market cap.
I don't really know though...I'm just here for the arbitrage play.