Planting Hope Company, Inc. (TSE:MYLK) has released an update.
Planting Hope Company Inc. is restructuring its finances by proposing a settlement of approximately C$7.35 million in convertible debentures using new unit issuances, alongside a similar opportunity for non-convertible debt holders. They are also conducting a private placement aiming to raise up to C$8 million, with a significant portion already expected to be led by a US-based investment fund. The proceeds will fund inventory purchases, business expansion, and provide general working capital.
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