BevCanna Converts Debt to Equity in New Shares Arrangement
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BevCanna Converts Debt to Equity in New Shares Arrangement

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BevCanna Enterprises (TSE:BEV) has released an update.

BevCanna Enterprises has revealed plans to convert $100,000 of secured promissory notes into 166,666 common shares at $0.60 each, under a Shares for Debt Arrangement. The completion of this conversion is expected to occur around September 11, 2024, and the common shares will be restricted for four months and one day post-issuance.

For further insights into TSE:BEV stock, check out TipRanks’ Stock Analysis page.

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