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Dear Valued Client,
Please be advised of the upcoming Canopy Growth Corp (CGC) stock split that is going to take place as per the following schedule:
The primary motive is to make the shares more affordable to small investors even though the underlying value of the company has not changed. CGC would like its stock to be more accessible to a broader base of investors.
Important notes of the CGC Stock Split
Please note that:
Example:
Investor current has an open BUY position of 100.1 shares at the price of USD 1,001 with a Take Profit (TP) of USD 1,500.
At the end of day December 19th, 2023 (GMT+2), 0.1 lot will be closed with the EOD price, remaining of 100 shares left in the trading account.
After the Stock split of 10 for 1: (Adjustment done would be as follows)
Position Price: USD 100 (USD 1,000/10)
Take Profit (TP): USD 150 (USD 1,500/10)
If you have any questions or require any assistance, please contact our support team via Live Chat, email: [email protected] or phone +248 437 3105.
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