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CFDs and Spread Bets are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.5% of retail investor accounts lose money when trading CFDs and Spread Bets with this provider. You should consider whether you understand how CFDs and Spread Bets work and whether you can afford to take the high risk of losing your money. Please seek independent advice if necessary.
Canopy Growth Corp: Reverse Stock Split
December 19, 2023
Please be informed that Canopy Growth Corp’s (CGC) 1-for-10 reverse stock split is set to take effect on 20 December 2023.
Following the announcement of the exercise, all positions of CGC will be restricted to ‘Close Only’ from 19 December 2023 until further notice.
How will the reverse stock split affect you?
| Account Type | Order Type | New Price | New Volume |
| Live | Open positions* | 10x Original Price | 1/10x Original Volume |
| Stop loss/ take profit settings | |||
| Pending orders** | Removed | Removed | |
| Demo | Open positions | Removed | Removed |
| Pending orders** |
*If your position is smaller than 1 lot or with decimal points, please adjust your positions accordingly. Otherwise, your position will be closed or rounded down to the nearest whole number based on the closing price on 19 December 2023. For open positions bigger than 1 lot or without decimal points, the price and volume of the shares held will be adjusted to reflect the exercise.
**All pending orders including buy limit, sell limit, buy stop, sell stop, buy stop limit, and sell stop limit will be removed.
Common shares of CGC will trade at the new reverse split-adjusted price from 20 December 2023. For more information, please refer here.
If you have any questions about these changes, or require assistance, please do not hesitate to contact [email protected].
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