What happened to Blu Nation's Facebook verification?

In October, 2015, Facebook today started rolling out verified badges for local businesses.

The badges come in the form of gray check marks — to differentiate them from the blue checks displayed on verified Pages for celebrities, public figures, sports teams and other media and entertainment organizations — and are available for businesses with a physical location in the US, Canada, Great Britain, Australia and New Zealand.

Two days ago, Tzy Panchak took to Facebook to inform fans that his record label's official Facebook page has been verified.

The grey check mark which was seen on Blu Nation Recording's official Facebook page a few days has suddenly disappeared.

This has left fans wondering if the page was actually verified by Facebook or faked.