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 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.