Cannabis Companies Delisted From Major Stock Exchanges In 2024: What Went Wrong?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 26 2024
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Source: Benzinga
Financial Challenges in the Cannabis Industry: In 2024, several cannabis companies faced financial difficulties leading to delistings from major stock exchanges, with Bright Green Corporation and Heritage Cannabis Holdings Corp. being notable examples of companies struggling to comply with market standards.
Strategies for Survival: While some companies like Aurora Cannabis successfully avoided delisting through reverse stock splits, others like Clever Leaves chose voluntary delisting to focus on core operations, highlighting a trend of restructuring and strategic pivots within the industry amidst ongoing market instability.
Analyst Views on SNDL
About SNDL
SNDL Inc., through its wholly owned subsidiaries, is a vertically integrated cannabis company and a private-sector liquor and cannabis retailer in Canada. Its retail banners include Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds and Spiritleaf. With products available in licensed cannabis retail locations nationally, its consumer-facing cannabis brands include Top Leaf, Contraband, Palmetto, Bon Jak, La Plogue, Versus, Value Buds, Grasslands, Vacay, Pearls by Gron, No Future and Bhang Chocolate. Its liquor retail segment includes the sales of wines, beers and spirits. Its cannabis retail segment includes the sales of cannabis products and accessories through corporate-owned and franchised cannabis retail operations. Its cannabis operations segment operates as a licensed producer that grows cannabis using indoor facilities and manufactures cannabis products, providing cannabis processing services. Its investments segment includes deployment of capital to investment opportunities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
