Hemp Industry Daily report

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Hemp Industry Daily report, The Nasdaq stock exchange has moved to delist California hemp company Youngevity International for failing to file required reports and because its stock has fallen below $1, triggering removal from the exchange. The Company has a compliance period of 180 calendar days in which to regain compliance prior to any further action being taken by Nasdaq. The September Notification also provided that the Company would be subject to suspension unless the Company timely requested a hearing before a Nasdaq Hearings Panel (the “Panel”). Youngevity grows and sells commercial coffee in addition to hemp. Under Nasdaq’s rules, this will result in an automatic stay of any suspension or delisting action through October 21, 2020.

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Hemp Industry Daily report,

The Nasdaq stock exchange has moved to delist California hemp company Youngevity International for failing to file required reports and because its stock has fallen below $1, triggering removal from the exchange.

Youngevity grows and sells commercial coffee in addition to hemp. It also has a third division focused on omnichannel marketing. The company says its received the delisting...

Read the full article @ Cannabis Law Report