Canopy Growth Corp: Nasdaq notice of $1.00 minimum bid price deficiency

What happened Canopy Growth Corporation reported that on Oct 14, 2026 it received a written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC stating the company was not in compliance with Nasdaq Listing Rule 5450(a)(1) because the closing bid price of its common shares listed on The Nasdaq Global Select Market had been below $1.00 per share for 30 consecutive business days. The letter has no immediate effect on the listing or trading of the common shares. The filing says the common shares are also listed on the Toronto Stock Exchange and the letter does not affect the company’s compliance status on that exchange.

Key details

• The company has 180 calendar days from the date of the letter, or until Apr 12, 2027, to regain compliance with the $1.00 minimum bid price requirement.
• To regain compliance the closing bid price must be at least $1.00 per share for a minimum of 10 consecutive business days during the compliance period.
• If the company elects a reverse stock split, it must complete the reverse stock split no later than 10 business days prior to the expiration of the compliance period to regain compliance.
• The company filed a definitive proxy statement on Aug 7, 2026 that includes a proposal to effect a share consolidation at a ratio to be determined by the board between 1 post-consolidation share for every 5 to 15 pre-consolidation shares; the annual meeting was reconvened on Oct 23, 2026 and the proxy allows a share consolidation at any time prior to Oct 23, 2027.

Why it may matter This report is Item 3.01: notice of delisting or failure to satisfy a continued listing rule or standard, and it covers Nasdaq’s notice regarding the minimum bid price requirement and the company’s available paths described in the filing, including regaining compliance during the 180-day period, seeking a second 180-day period by transferring to The Nasdaq Capital Market, or potential delisting and appeal rights. The filing does not show why the insider traded or why the company acted.