Natural Alternatives Announces Temporary Closure Of Its New Facility In Carlsbad, California; Expects Action To Have An Adverse Effect On Results Of Operations

Author: Benzinga Newsdesk | August 16, 2023 04:22pm
NAI has determined to temporarily close its new high-speed powder blending and packaging facility and has provided sixty days advance notice to most of the staff at that facility, who will be furloughed starting in

NAI has determined to temporarily close its new high-speed powder blending and packaging facility and has provided sixty days advance notice to most of the staff at that facility, who will be furloughed starting in early October and lasting until approximately December 31, 2023.Reduction of these anticipated orders and the closure of the facility is anticipated to have an adverse effect on our results of operations and financial condition primarily during the last calendar quarter of this year, and possibly into the early part of 2024.

Posted In: NAII