The Nasdaq stock exchange has completed its delisting of California hemp company Youngevity International for failing to file required reports and because its stock has fallen below $1.
Youngevity grows and sells commercial coffee in addition to hemp. It also has a third division focused on omnichannel marketing.
The delisting notice went out in October. Youngevity appealed the delisting but announced Friday that Nasdaq did not change its determination.
The San Diego company says it will trade on over-the-counter markets once the Nasdaq delisting is completed. It did not elaborate on a particular exchange nor how it would be listed.
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