04:54 PM EDT, 10/25/2024 (MT Newswires) -- MDJM ( MDJH ) said late Friday it was notified by Nasdaq that the company is not in compliance with the stock exchange's $1 per share minimum bid price requirement for continued listing.

The notice was issued after the company failed to meet the minimum bid price requirement due to the closing bid price of its shares falling short for 30 consecutive business days, from Sept. 11 to Oct. 22.

The company said it has until April 21, 2025, to regain compliance with the listing rule.

Shares of the company were down more than 4% in after-hours activity.

Price: 0.6111, Change: -0.03, Percent Change: -4.22