The Nasdaq stock exchange has warned another marijuana company that it could be delisted if it doesn’t comply with the rules.
Agrify Corp., a Massachusetts-based cannabis cultivation and extraction solutions company, received a notice of noncompliance from Nasdaq because the company hasn’t filed its 10-K form with its full-year financial results to the U.S. Securities Exchange Commission on time.
ADVERTISEMENT
The company, which trades on the Nasdaq as AGFY, could be delisted from the exchange if it fails to regain compliance, according to a news release.
Agrify has until June 20 to submit a plan as to how it will regain compliance.
If the Nasdaq accepts the plan, Agrify will have up to 180 days to file the 10-K form.
If Nasdaq rejects the plan, the company can appeal the decision.
No action will be taken at this time.
Agrify said it is restating financial results
Read full article on Marijuana Business Daily
