cbdMD, Gets Notification Of Noncompliance With Additional NYSE American Continued Listing Standards
Portfolio Pulse from Benzinga Newsdesk
cbdMD, Inc. (NYSE:YCBD) has received a notice of noncompliance from the NYSE American due to not meeting the continued listing standards, specifically having stockholders' equity below $4 million. The company must submit a compliance plan by July 5, 2024.
June 07, 2024 | 11:26 pm
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cbdMD, Inc. has been notified by the NYSE American of noncompliance with listing standards due to stockholders' equity being below $4 million. The company must submit a compliance plan by July 5, 2024.
The noncompliance notice from NYSE American indicates financial instability, which is likely to negatively impact investor confidence and the stock price in the short term. The requirement to submit a compliance plan adds uncertainty.
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