GNC announced yesterday that is has received a notice from the New York Stock Exchange that is out of compliance with listing requirements because its stock price has been below $1 a share for more than 30 days.
The US Federal Trade Commission has sent 10 warning letters to network marketing companies whose participants it alleges have been making illegal COVID-19 treatment claims and earnings claims related to the pandemic crisis.
Consumers seem to be turning to hemp and cannabis products during the current crisis, which has buoyed the near term outlook for Curaleaf, one of the largest companies in the sector, which posted strong revenue growth in its recent annual report.
Botanical ingredients have a history of thousands of years of supporting human health. As we enter springtime in the North Hemisphere it's comforting to reflect on the fact that that will still be true even as the current crisis passes.
The $2 trillion stimulus packaged passed unanimously by the US Senate this morning will have important implications for the dietary supplement industry that may help companies survive the worst of the coronavirus crisis impacts.
Natural Products Expo West was supposed to be a launching pad for many new products. With the cancellation of the show and the many other coronavirus-related dislocations, natural products companies are scrambling to adapt.
Herbalife reported a 3% rise in sales for its full year, recording $4.9 billion in revenue. The increase was achieved even with sharp declines in China attributable to that country’s regulatory crackdown on multi level marketing companies.