yes if the compost is rich and is straight, not mixed in with amendments to make potting soil
likely that you have plenty of nutes in the compost but since its strong, is bringing PH out of wack and locking out nutes
that bag might have been good to topdress over properly made soil, or used in your own soil recipe
straight compost with no buffering agents is going to cause problems, I learned this one year that i decided to get some local black gold and pot straight into it
some potting soils use powdered oyster shell and a little dolomite lime to buffer the soil
i'd do 30% compost, 30% peat, 10% worm castings, 20% perlite or vermiculite or growstone
then amend with what you want, like dolomite, and other things you can get your hands on
this is a basic soil recipe that you can tweak the way you want
to "fix" that problem, try dissolving 1 tbsp or tsp into 1 gallon of water, and water the plant slowly until there is runoff, from then on water with plain water and every month or so , re-apply dolomite
but if i were you, i'd chuck it and start with good soil, then put your all into it
the plant may be hungry, but the food should be there , since it's "compost"
the problem must be PH problems, either due to overwatering or being unbuffered in the first place