Cannabis company OrganiGram gets de-listing warning from Nasdaq

Canadian cannabis company OrganiGram Holdings Inc. OGI CA:OGI said Thursday it received notification from the the Nasdaq that it is not in compliance with the minimum bid price requirement to retain its listing because its stock has traded below $1.00 for 30 consecutive trading days. The company now has until July 24 to regain its minimum bid requirement. If its bid price closes at or above $1.00 per share for a minimum of 10 consecutive business days, the company will regain compliance.

OGI OGI said Thursday it received notification from the the Nasdaq that it is not in compliance with the minimum bid price requirement to retain its listing because its stock has traded below $1.00 for 30 consecutive trading days. The company now has until July 24 to regain its minimum bid requirement. If its bid price closes at or above $1.00 per share for a minimum of 10 consecutive business days, the company will regain compliance.

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