Granite City (GCFB) to Continue Listing on Nasdaq Capital Market

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Granite City Food & Brewery Ltd. (NASDAQ: GCFB) today announced that it has received a letter of determination from NASDAQ confirming that the Company has regained compliance with the applicable minimum shareholders’ equity rule and is in compliance with all other applicable requirements for listing on The NASDAQ Capital Market. Accordingly, NASDAQ has determined to continue the listing of the Company’s common stock on The NASDAQ Capital Market.

“We are very pleased with NASDAQ's decision. We believe that the continued listing of our common stock on The NASDAQ Capital Market is in the best interests of our shareholders and we are pleased to have completed the equity financing with CDP that enabled us to meet NASDAQ's shareholders' equity standard,” said Rob Doran, Chief Executive Officer.

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