Sep 10, 2014
1:50
For every 50 shares held, investors received 1. The price per share adjusted from $0.03 to $1.28.
The split itself did not change the total investment value.
CANNALINK INC (OTC:CNLK) operates in the Specialty telecommunications industry.
CANNALINK INC company overviewCANNALINK INC's most recent stock split was on September 10, 2014. It was a 1-for-50 reverse split, so shareholders received 1 share for every 50 they held.
CANNALINK INC (OTC:CNLK) has split its stock 2 times: a 1-for-40 reverse split on April 2, 2007 and a 1-for-50 reverse split on September 10, 2014.
CANNALINK INC has split its stock 2 times. This history records 2 reverse splits between April 2, 2007 and September 10, 2014.
A reverse stock split combines several shares into one and raises the price per share by the same factor, so the total value of a holding does not change. In CANNALINK INC's 1-for-50 reverse split on September 10, 2014, every 50 shares became one share. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
CANNALINK INC has not announced a new split in our records. Its most recent split was on September 10, 2014, 12 years ago. Companies announce splits in advance, and any new OTC:CNLK split will appear on this page.