Organigram gets Nasdaq share-price warning

MJ Biz report

The Nasdaq stock exchange has warned Canadian marijuana cultivator and manufacturer Organigram Holdings about its share price, which has fallen below Nasdaq’s $1 minimum bid price requirement for 30 days in a row.

Organigram has until July 24 to bring its share price into compliance, after which it could receive another 180-day extension before facing possible delisting.

The company’s Nasdaq-listed shares closed at 95 cents on Wednesday.

Organigram shares also trade as OGI on the Toronto Stock Exchange.

The New Brunswick-based company reported a profit of 5.3 million Canadian dollars ($4 million) for its most recent quarter.

More at 

https://mjbizdaily.com/marijuana-company-organigram-gets-nasdaq-share-price-warning/?utm_medium=email&utm_source=newsletter&utm_campaign=INTL_20230127_NEWS_Weekly

We are an I-71 compliant cannabis delivery service meeting your needs in the Washington DC, Maryland, and Virginia area. We offer a wide range of...

 Cannabis Delivery / Featured

Cannaffex offers Premium CBD products sourced organically from farms in beautiful British Columbia, Canada. All products we offer are THC-FREE and contain only organic hemp...

 CBD / Featured

Autoflowering Cannabis Seeds is dedicated to selling the highest quality cannabis seeds with the best genetics. Our site focuses on the best medical cannabis strains,...

 Seed / Featured

Cannvalate is a group of medical doctors and leaders in the medical cannabis industry. Based in Melbourne, we love to help patients to access products...

 Medical Cannabis / Featured

Page 1 of 4