June 16, 2017

Hain-Celestial faces delisting from Nasdaq over missed earnings reports

Hain-Celestial (Nasdaq: HAIN), the parent company of the Boulder-based Celestial Seasonings tea company, faces delisting from the Nasdaq stock exchange because of missed earnings reports.

The Wall Street Journal reports that the company has not filed a report with the U.S. Securities and Exchange Commission since May 2016. Hain had stopped filing the reports after finding irregularities in the reporting of revenues, with an internal investigation showing no intentional wrong-doing, the Journal reported. However, the company now faces a probe from the SEC.

Hain has received an extension from Nasdaq until June 30, a deadline that could be extended to August, or the company could be delisted.

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Hain-Celestial (Nasdaq: HAIN), the parent company of the Boulder-based Celestial Seasonings tea company, faces delisting from the Nasdaq stock exchange because of missed earnings reports.

The Wall Street Journal reports that the company has not filed a report with the U.S. Securities and Exchange Commission since May 2016. Hain had stopped filing the reports after finding irregularities in the reporting of revenues, with an internal investigation showing no intentional wrong-doing, the Journal reported. However, the company now faces a probe from the SEC.

Hain has received an extension from Nasdaq until June 30, a deadline that could be…

Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
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