Nasdaq Stock News

Consolidates Legal & Regulatory Functions and Group Risk Management Responsibilities Consolidates Legal & Regulatory Functions and Group Risk Management Responsibilities

Below is a recap of the main news related to the cannabis industry and markets for the week of February 7, 2022. Contents Schumer Urges Senators To Help Finalize Marijuana Legalization Bill No Weed At The Super Bowl Canopy Growth’s Quarterly Results And Analyst Reactions Leafly’s Nasdaq Debut Hexo Cuts 180 Jobs Increased THC Percentage In Hemp Products Sought Under New Congressional Bill Markets M&A Financings Earnings Reports Tilray Consolidates Its Portfolio Sundial Growers Granted 180-Day Extension By NASDAQ Top Stories Of The Week Schumer Urges Senators To Help Finalize Marijuana Legalization Bill Senate Majority Leader Charles Schumer (D-N.Y.), Finance Committee Chairman Ron Wyden (D-Ore.) and Sen. Cory Booker (D-N.J.) asked senators to help them complete the marijuana legalization bill expected to be filed in April . To that end, the top Senate Democrats sent letters to their colleagues encouraging them to get into the drafting process and help finalize this legislation. The letter comes nearly a week after Schumer told a press conference in New York City, that in April he plans to officially file the long-awaited bill to federally legalize cannabis . “In the coming weeks, we’re ramping up our outreach—and we expect to introduce final legislation.

NEW YORK, Feb. 10, 2022 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced that AstraZeneca PLC – ADR (Nasdaq: AZN), will become a component of the NASDAQ-100 Index® (Nasdaq: NDX) and the

NEW YORK , Feb. 10, 2022 /PRNewswire/ -- Tuatara Capital Acquisition Corporation (NASDAQ: TCAC ) ("TCAC"), a publicly traded special purpose acquisition company, and springbig, the leading provider of marketing solutions, consumer mobile app experiences, and omnichannel loyalty programs in the cannabis industry, today announced that TCAC has publicly filed a registration statement on Form S-4 (the "Registration Statement") with the U.S. Securities and Exchange Commission (the "SEC"). The Registration Statement contains a preliminary proxy statement/prospectus in connection with the previously announced business combination between TCAC and springbig, including a company overview of springbig, pro-forma financial information, transaction terms, and other important information. "This filing represents another important milestone on our path to closing our merger with springbig, the cannabis industry''s leading customer experience platform who we believe is poised for long-term, sustainable growth," said Al Foreman , Chief Executive Officer of TCAC.

Luckin Coffee Should Never Be Allowed To Re-List On U.S. Stock Exchanges Submitted by QTR''s Fringe Finance Imagine my surprise when, a couple weeks ago, I read a headline that the former $300 million China-based fraud known as Luckin Coffee could soon be relisting its shares on US exchanges. For those that unfamiliar with Luckin Coffee, the company was found to have made false statements and fabricated its financial performance to lure in investors and it failed to disclose accurate revenue and expenses, and also obtained money through false bank statements, according to the Seven Pillars Institute . They were accused of fraud in early 2020 by the U.S. Securities and Exchange Commission. Per the SECs website , the regulators complaint alleged that, from at least April 2019 through January 2020, Luckin intentionally fabricated more than $300 million in retail sales by using related parties to create false sales transactions through three separate purchasing schemes. Photo: SEC.gov According to the complaint, certain Luckin employees attempted to conceal the fraud by inflating the companys expenses by more than $190 million, creating a fake operations database, and altering accounting and bank records to reflect the false sales, the SEC said.

These are not the kind of splits investors usually look forward to.

Eqonex, a digital asset financial services company listed at NASDAQ, has announced the launch of a new Bitcoin (BTC) investment product. The product will be []

ALLEN, Texas, Feb. 09, 2022 (GLOBE NEWSWIRE) -- PFS (NASDAQ: PFSW) (the “Company"), a premier eCommerce order fulfillment provider, today announced that, as expected, on February 8, 2022, it received a determination notice (the “Notice”) from the staff of the Listing Qualifications Department of The Nasdaq Stock Market LLC (the “Nasdaq Staff”) indicating that unless the Company requests a hearing before the Hearings Panel (the “Panel”) by February 15, 2022, trading in the Company’s common stock would be suspended and subject to delisting based upon its non-compliance with Nasdaq’s filing requirement, as set forth in Listing Rule 5250(c)(1) (the “Rule”). The Notice was issued in accordance with standard Nasdaq procedures due to the delayed filing of the Company’s Form 10-Q for the period ended September 30, 2021.

CME Group (CME) Q4 results reflect higher clearing and transaction fees and market data and information services. Average daily volume increased in three out of the six products lines.

Chuck Lugay, 25 year Wall Street Vet and Former Citadel, NASDAQ Exec, Joins SFOX to Drive Global Expansion, Increase Visibility with Domestic Hedge Funds SFOX, a digital asset prime dealer that is focused on helping hedge funds embrace and expand crypto trading, announced the addition of another former Wall Street Exec to bolster its senior [] The post SFOX Adds Another Wall Street Vet as Part of Increased Effort to Support Hedge Fund Transition to Crypto appeared first on AiThority .

Sundial Growers Inc. (NASDAQ: SNDL ), has received an extension of 180 calendar days to regain compliance with NASDAQ''s minimum bid price requirement. As previously reported , Sundial was notified by the NASDAQ in August 2021 that the bid price for its common shares was not in compliance Full story available on Benzinga.com

Sundial Growers (SNDL) is trading ~5% higher in the post-market on Tuesday after announcing that Nasdaq granted the company an extension of 180 calendar days to regain compliance with

NEW YORK, Feb. 08, 2022 (GLOBE NEWSWIRE) --  The Nasdaq Stock Market announced today that it will delist the common stock of China XD Plastics Company Limited. China XD Plastics Company Limited’s

The Valkyrie Bitcoin Miners ETF (NASDAQ: WGMI ) will begin trading on the Nasdaq Stock Market on Tuesday. What Happened: According to a filing from the U.S. Securities and Exchange Commission on Feb. 7, Nasdaq approved the ETF to be listed on the exchange. The fund will begin trading with an expense ratio of 0.75% under the ticker WGMI a well-known acronym for we are gonna make it in the crypto space. According to the funds prospectus, the Valkyrie Full story available on Benzinga.com

Just Eat Takeaway.com <> said Tuesday that it has notified Nasdaq of its plan to voluntarily delist its American Depositary Receipts ((ADR)) from the exchange. The online