The reconvened annual meeting on October 23, 2026, is the immediate catalyst — shareholder approval of the reverse split is critical to avoid Nasdaq delisting. Monitor the vote outcome and any subsequent bid price action; failure to pass the split or regain compliance within 180 days would likely trigger delisting proceedings.
Price Chart
Executive Summary
Canopy Growth received a Nasdaq deficiency notice on October 14, 2026, for non-compliance with the $1.00 minimum bid price rule, with a 180-day cure period ending April 12, 2027. The company is soliciting shareholder approval for a reverse stock split (1:5 to 1:15) at its reconvened annual meeting on October 23, 2026, to potentially regain compliance. The filing is a definitive additional proxy soliciting material from management, highlighting the delisting risk and the proposed cure.
Key Financial Metrics
Key Facts
- Nasdaq notified Canopy Growth on October 14, 2026, that its common shares have traded below $1.00 for 30 consecutive business days, violating Listing Rule 5450(a)(1).
- The company has 180 calendar days (until April 12, 2027) to regain compliance by closing at or above $1.00 for 10 consecutive business days.
- A reverse stock split proposal (1:5 to 1:15 ratio) is on the agenda for the reconvened annual meeting on October 23, 2026.
- The prior annual meeting on September 25, 2026, was adjourned due to lack of quorum.
- If compliance is not regained, Nasdaq may delist the shares, subject to appeal.
Financial Impact
Delisting risk with no stated financial figures; reverse stock split ratio range of 1:5 to 1:15 proposed.
Risk Factors
- Shareholders may not approve the reverse stock split proposal.
- Even if approved, the reverse split may not sustainably lift the stock price above $1.00.
- Failure to regain compliance within the 180-day period could lead to Nasdaq delisting and a potential transfer to the OTC markets.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| DEFA14A Filing (Primary) | 0001104659-26-116641 |
| Document: 0001104659-26-116641-index-headers.html | 0001104659-26-116641 |
| Document: 0001104659-26-116641-index.html | 0001104659-26-116641 |
| Document: 0001104659-26-116641.txt | 0001104659-26-116641 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | DEFA14A | $0.7160 | awaiting T+20 | — | $0.6681 (+6.69%) |
Oct 16, 2026 10d ago | 8-K | $0.7160 | awaiting T+20 | — | $0.6681 (+6.69%) |
Oct 6, 2026 20d ago | DEFA14A | $0.8765 | awaiting T+20 | — | $0.6681 (−23.78%) |
Sep 25, 2026 4w ago | DEFA14A | $0.9420 $0.6760 | ▼ −28.24% | ▼ −26.76% | $0.6681 (−29.08%) |
Sep 15, 2026 5w ago | DEFA14A | $0.9156 $0.7147 | ▼ −21.94% | ▼ −24.00% | $0.6681 (−27.03%) |
Aug 17, 2026 10w ago | DEFA14A | $0.9900 $0.9285 | ▼ −6.21% | ▼ −5.22% | $0.6681 (−32.52%) |
Aug 7, 2026 11w ago | DEFA14A | $0.9520 $0.9702 | ▲ +1.91% | ▲ +2.83% | $0.6681 (−29.82%) |
Aug 7, 2026 11w ago | 8-K | $0.9700 $0.9727 | ▲ +0.28% | ▲ +0.68% | $0.6681 (−31.12%) |
Jun 15, 2026 19w ago | 8-K | $0.9829 $0.9600 | ▲ +2.33% | ▲ +1.58% | $0.6681 (+32.03%) |
May 15, 2026 23w ago | 8-K | $0.9820 $0.9580 | ▲ +2.44% | ▲ +4.03% | $0.6681 (+31.97%) |
US Market Status
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