Canadian firm Relevium Technologies says it will file its belated financial statements by the end of January 2022, which would lift a ban placed by regulators on sales of stock by the company’s management.
The US Securities and Exchange Commission has indicted CanaFarma hemp and its two cofounders with fraudulently raising about $15 million from investors, and misappropriating approximately $4 million of that for personal and nonbusiness purposes.
Natural Grocers reported a decrease in sales momentum in the third quarter of its fiscal 2021 when compared to last year’s pandemic-fueled buying spree. But the company’s private label supplements sales buoyed results.
In concord with a trend affecting most of the multi level marketing companies selling dietary supplements, Nature’s Sunshine has posted another quarter of record results, buoyed by surging sales in Asia, South America and Poland.
In an industry populated with many privately held firms, two dietary supplement manufacturers — Thorne and Nutraceutical International — have filed for IPOs, each set at $100 million as the initial target size of the deals.