Nasdaq gives marijuana tech firm Agrify another warning

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.

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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.

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Agrify has until June 20 to submit a plan to the Nasdaq to regain compliance.

The cannabis company trades on the Nasdaq as AGFY.

The post Nasdaq gives marijuana tech firm Agrify another warning appeared first on GrowCola.com.

The Nasdaq stock exchange sent another warning to Agrify Corp., this time notifying the marijuana technology company it didn’t file… Continue reading
The post Nasdaq gives marijuana tech firm Agrify another warning appeared first on GrowCola.com.