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.

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.