SCHEDULE 13G/A: Nomura Holdings Updates Passive Stake in C21 Investments, Reports 4.2% Beneficial Ownership
Beneficial Ownership Statement
Nomura Holdings Inc. and its subsidiary, Nomura Global Financial Products, Inc., have filed an amended Schedule 13G, disclosing a 4.2% beneficial ownership stake in C21 Investments Inc. as of December 31, 2024.
Summary
- Nomura Holdings Inc. and its wholly-owned subsidiary, Nomura Global Financial Products, Inc. (NGFP), have filed an Amendment No. 2 to their Schedule 13G.
- The filing indicates that Nomura Holdings Inc. and NGFP beneficially own an aggregate of 5,073,311 Common Shares of C21 Investments Inc.
- This ownership represents 4.2% of C21 Investments Inc.'s outstanding Common Shares.
- The percentage is calculated based on 120,047,814 Common Shares outstanding as of December 31, 2024, as reported by C21 Investments Inc. in a Form 6-K filing on January 29, 2025.
- Both Nomura Holdings Inc. and NGFP hold shared voting and shared dispositive power over these shares.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a factual, routine regulatory filing disclosing beneficial ownership, with no explicit positive or negative sentiment expressed or implied beyond the fact of a major institution holding a stake.
Positives
- The continued beneficial ownership by a major global financial institution like Nomura Holdings Inc. may signal a degree of confidence in C21 Investments Inc.
Future Outlook
This document does not provide any forward-looking statements or guidance regarding C21 Investments Inc.'s future outlook.
Industry Context
This filing is a routine disclosure of beneficial ownership by a financial institution and does not provide specific insights into broader industry trends or competitive landscape for C21 Investments Inc.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership, confirming Nomura's passive stake in the company.
Key Dates
| Date | Description |
|---|---|
| 2024-12-31 | Date of event which requires the filing of this statement, and the date for which the number of outstanding shares was reported. |
| 2025-01-29 | Date C21 Investments Inc. filed its current report on Form 6-K, reporting 120,047,814 Common Shares outstanding. |
| 2025-02-14 | Date of signing and filing of this Schedule 13G Amendment No. 2. |
Keywords
C21 Investments Inc., Nomura Holdings Inc., Nomura Global Financial Products Inc., Schedule 13G, Beneficial Ownership, Common Shares, SEC Filing, Institutional Investor
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