The Nasdaq stock exchange sent another warning to Agrify Corp., this time notifying the marijuana technology company it didn’t file its first-quarter results on Form 10-Q on time.
The exchange will take no action this time, according to a news release.
But if the Massachusetts-based company doesn’t regain compliance, it risks being delisted from the Nasdaq.
Agrify received a separate warning earlier this year after the company failed to file its full-year financial results.
The delay stems from accounting errors in three previously issued reports, Agrify said in the release.
Such errors are a problem many publicly traded cannabis companies have grappled with in recent years.
Agrify has until June 20 to submit a plan to the Nasdaq to regain compliance.
The cannabis company trades on the Nasdaq as AGFY.
Read full article on Marijuana Business Daily