1 Pot Stock That's in Danger of Being Delisted [The Motley Fool]
Rite Aid Corporation (RAD)
Last rite aid corporation earnings: 4/16 07:00 am
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US:NYSE Investor Relations:
riteaid.com/corporate/investor-relations
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Source: The Motley Fool
Trading on a major exchange can give a company access to a significant pool of investors, meaning easier access to funding and expedited growth. That's why listing on an exchange like the NYSE or NASDAQ is the goal for many pot stocks. However, with marijuana still illegal at the federal level in the U.S., cannabis companies operating in the U.S. are in violation of federal laws, meaning they cannot trade on either of those major exchanges.Canada-based cannabis companies have been able to avoid that problem because pot is legal in Canada. Unfortunately, with many pot stocks struggling and theHorizons Marijuana Life Sciences ETF(OTC: HMLSF)The NYSE's $ requirement may push one company to make a big decisionOne of the ways a company can run into trouble on the NYSE is if its share price drops below $ for 0 trading days. If this happens, the exchange sends a warning requiring the company to make a plan for bringing its share price back above $. That's what happened toRite AidNYSE:RADIt's
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