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 San Diego company has requested a Nasdaq hearing to challenge delisting, which delays the action until at least Oct. 21. Youngevity is asking for an extension on its report and says it will be trading above $1 by the end of a 180-day window to continue listing on the exchange.
The company will continue trading on the Nasdaq as YGYI until the exchange makes a determination on its requested stay.
