China Jo-Jo Drugstores Granted Extension to Meet Nasdaq Minimum Bid Price Requirement

Sadye Matula

HANGZHOU, China, Jan. 26, 2022 /PRNewswire/ — China Jo-Jo Drugstores, Inc. (NASDAQ: CJJD) (“Jo-Jo Drugstores” or the “Company“), a top on-line and offline retailer, wholesale distributor of pharmaceutical and other healthcare products and solutions and healthcare provider in China, nowadays introduced that on January 25, 2022, the Organization gained a […]

HANGZHOU, China, Jan. 26, 2022 /PRNewswire/ — China Jo-Jo Drugstores, Inc. (NASDAQ: CJJD) (“Jo-Jo Drugstores” or the “Company“), a top on-line and offline retailer, wholesale distributor of pharmaceutical and other healthcare products and solutions and healthcare provider in China, nowadays introduced that on January 25, 2022, the Organization gained a further 180 calendar day extension from Nasdaq’s Listing Qualifications Department to meet Nasdaq’s continuing listing specifications by sustaining a bare minimum bid price for each share of $1.00 for a bare minimum of 10 consecutive investing days. The Business now has right up until July 25, 2022 to get back compliance.

If at any time prior to July 25, 2022, the bid price tag of the Firm’s regular shares closes at or above $1.00 for every share for a bare minimum of 10 consecutive buying and selling times, the Organization will get back compliance with the Nasdaq Listing Principles, and the issue will be closed.

The Business was to start with notified by Nasdaq of its failure to keep a bare minimum bid rate of $1.00 for each share for 30 consecutive buying and selling times beneath Nasdaq Listing Rules 5550(a)(2) and 5810(c)(3)(A) on July 26, 2021, and was supplied until January 24, 2022 to regain compliance.

About China Jo-Jo Drugstores, Inc.

China Jo-Jo Drugstores, Inc. (“Jo-Jo Drugstores” or the “Corporation“), is a top on the net and offline retailer and wholesale distributor of pharmaceutical and other health care solutions and a company of healthcare products and services in China. Jo-Jo Drugstores currently operates an on line pharmacy and retail drugstores with certified medical doctors on web-site for consultation, assessment and cure of widespread illnesses at scheduled several hours. It is also a wholesale distributor of products and solutions related to individuals carried in its pharmacies. For extra information and facts about the Corporation, be sure to take a look at http://jiuzhou360.com. The Company routinely posts vital info on its web-site.

Forward-Looking Statements

This press release contains details about the Firm’s perspective of its potential expectations, programs and potential clients that constitute forward-seeking statements. Real final results might vary materially from historic results or individuals indicated by these forward-looking statements as a consequence of a selection of factors together with, but not limited to, hazards and uncertainties involved with its ability to increase added funding, its skill to retain and expand its business, variability of working effects, its capacity to preserve and enrich its brand, its progress and introduction of new products and expert services, the productive integration of acquired companies, technologies and property into its portfolio of items and products and services, internet marketing and other business enhancement initiatives, levels of competition in the business, standard governing administration regulation, economic circumstances, dependence on key staff, the skill to appeal to, seek the services of and keep personnel who have the specialized techniques and experience necessary to meet up with the necessities of its purchasers, and its potential to defend its intellectual home. The Company’s encourages you to critique other components that might influence its potential final results in the Company’s once-a-year stories and in its other filings with the Securities and Trade Commission.

For much more details, remember to make contact with:

Business Get hold of:

Frank Zhao
Chief Financial Officer
+86-571-88077108
[email protected]

Investor Relations Make contact with:

Tina Xiao
Ascent Investor Relations LLC
+1-917-609-0333
[email protected]

Cision

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Supply China Jo-Jo Drugstores, Inc.

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