The above concisely summarizes NASDAQ requirements - CBDNF will be hard pressed to hit the $850M recurrent valuation ( $370/share!!) but might get the $50M annual revenue, don't know if they make the minimum percentage of stock held by the minimum number of non-management shareholders. They would seem to have made the $4 stock minimum (??) but would have to suck in another two market makers to reach the 3 required.
Overall, CBD has a long way to go to NASDAQ; primarily they will need a year of solid USA business (and extending beyond a single school in New Jersey). In turn this requires a much more professional approach to promotion than I have seen to date.
The fact of OTCBB listing without a more confidence inspiring USA website is weird. Was CBD desperate to relocate out of Australia ASAP?
CBD Price at posting:
0.0¢ Sentiment: Sell Disclosure: Held
