Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
The Valens Company Inc. (NASDAQ:VLNS) (TSX:VLNS) a leading manufacturer of branded cannabis products, launched a Quebec-exclusive brand, Bon Jak. Valens continues to build its presence in Quebec with the addition of several exciting new SKUs under the Bon Jak brand, which is focused on delivering unique user experiences in the province of Quebec:
Dried Flower
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
-
Bon Jak BC God Bud (28g)
-
Bon Jak Indica Ground (15g)
-
Bon Jak Sativa Ground (15g)
Cannabis-Infused Beverages
-
Bon Jak Lime Seltzer (355ml)
-
Bon Jak Grapefruit Seltzer (355ml)
-
Bon Jak Mango Seltzer (355ml)
The products are expected to be listed to the Société québécoise du cannabis ("SQDC") effective September 12, 2022, and expected to be distributed through the SQDC retail and online channels.
Tyler Robson, chief executive officer of The Valens Company, stated, "The agreement with the SQDC reflects our commitment to the Quebec market and more importantly Quebec consumers. We have been listening to feedback and understand the importance of delivering unique, regionally focused products under a relatable and socially conscious brand at competitive price points. Importantly, we believe our innovation and manufacturing capabilities uniquely position us for success in Quebec and we will continue to invest in this strategic market."
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
Minimum Bid Price Deficiency
The company received a written notice from the listing qualifications department of The Nasdaq Stock Market LLC indicating that the company is not in compliance with the minimum bid price requirement of $1.00 per share under the Nasdaq listing rules. Based on the closing bid price of the company's common shares for the last 30 consecutive business days, the company has failed to meet the minimum bid requirement set forth in listing rule 5550(a)(2) during that period.
The notice is only a notification of deficiency, it is not a notice of imminent delisting, and it has no current immediate effect on the listing or trading of the company's common shares on the Nasdaq Capital Market.
Under Nasdaq listing rule 5810(c)(3)(A), the company has 180 calendar days from the date of the notice, or December 12, 2022, to regain compliance with the minimum bid requirement, during which time the common shares will continue to trade on the Nasdaq Capital Market. If at any time before December 12, 2022, the bid price of the common shares closes at or above $1.00 per share for a minimum of 10 consecutive business days, the company will regain compliance with the minimum bid requirement. If the company does not regain compliance with the minimum bid requirement by December 12, 2022, the company may be eligible for an additional period of 180 calendar days to regain compliance or may be subject to delisting of the common shares from the Nasdaq Capital Market. The company's common shares are also listed on the Toronto Stock Exchange and the Notice does not affect the company's compliance status with such listing.
Photo by CRYSTALWEED cannabis on Unsplash
Related News
Cannabis Movers & Shakers: Flora Growth, Valens, Metrc, Treez
Here's Why Investors Should Keep An Eye On Sundial Stock, Analyst's Thoughts Post Q1 Earnings
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.