Imagine if you're a candy store owner, but you don't have enough money to pay your bills or buy more candy to sell. If this happens too often, people might stop buying candy from you because they don't think you're going to be around for very long.

That's what's happening to some cannabis companies. They're having a hard time making money, and their stock prices are very low. Because of this, they're not meeting the requirements to be listed on big stock exchanges, like the Nasdaq. Some are being delisted, which means they can't be traded on those exchanges anymore.

There are a few reasons why this is happening. One big reason is that the US government still considers cannabis to be an illegal drug, even though many states have legalized it. This makes it difficult for these companies to do things like get loans or list their stocks on major exchanges.

Some cannabis companies are trying to turn things around by making changes to their business, like selling parts of their company or working with other businesses to save money. But it's still a tough time for the industry, and many companies are struggling to survive.

In the end, it's important for these cannabis companies to find a way to make money and stay in business. If they can do that, they might have a better chance of staying on the stock exchanges and attracting more investors. Read from source...

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The text reads: "Several cannabis companies faced financial challenges in 2024, with some being delisted or under threat of delisting from major stock exchanges due to financial instability, low values, compliance issues and a turbulent market. This article looks into some of the key players that faced delisting, their strategies and outcomes from the ones that powered through to those that succumbed and faced restructuring. Diverse Situations Bright Green Corporation is one of the latest cannabis companies to delist in 2024. On September 19, 2024, trading of its shares was suspended from Nasdaq following the cancellation of its scheduled delist appeal hearing. The company has struggled to meet the exchange's compliance standards due to various operational and financial challenges. Bright Green has been working to strengthen its financial position, with plans for a reverse stock split aimed at boosting shareholder value. Additionally, the company is exploring strategic alternatives, including partnerships and acquisitions. Despite these efforts, its delisting reflects broader issues within the cannabis industry, where companies are facing pressure to maintain market confidence and stock value. Aurora Cannabis ACB, the Canadian giant and significant player in the global cannabis market, managed to avoid delisting by executing a 1:10 reverse stock split earlier this year. Aurora's stock had been trading below Nasdaq's $1 minimum share price for an extended period, a common problem for cannabis companies struggling in the current market environment. By consolidating shares, Aurora was able to meet Nasdaq's requirements. The reverse split paid off: its stock value is oscillating around a healthy $5.79 per share at the time of this writing. Unlike Aurora, Clever Leaves Holdings Inc. chose to voluntarily delist from Nasdaq in May 2024. The Colombian company cited its failure to maintain compliance with listing requirements and the high costs associated with regulatory obligations as key reasons for the decision. Clever Leaves, which focuses on medicinal cannabis production, decided that freeing itself from the burdens of public market regulations would allow it to concentrate on strengthening its core operations. Heritage Cannabis Holdings Corp. faced a more severe fate. In August 2024, the company was delisted from both the Canadian Securities Exchange (CSE) and the OTCQX market as part of creditor protection proceedings. Financial difficulties and the need to restructure through a sale and investment process led to Heritage's exit from public markets, mirroring the struggles faced by many cannabis companies grappling with overextension and market instability. So far, 2024 has proven to be a challenging year for the cannabis industry though it appears to be better than last year