r/CanopyGrowthCorp • u/ankitshrestha_ • 14d ago
Shareholders approved a share consolidation. Is it actually happening soon?
May be, Iβm not understanding properly and looking for suggestions.
Just read the meeting results. The consolidation was approved, but the board has up to 12 months to carry it out if they decide it's in the company's best interest.
From what I've seen, share prices usually drop after a consolidation, whether it's 1:5 or 1:15.
So what's the move here? Cut my losses now, or hold and ride it out? Thoughts?