BevCanna Enterprises (TSE:BEV) has released an update.
BevCanna Enterprises Inc. has completed a debt settlement, addressing an aggregate debt of over $2.6 million by issuing common shares and units to creditors. The settlement includes staggered release terms for common shares and warrants, with a portion subject to a four-month holding period. This debt resolution mechanism employed by the diversified lifestyle and wellness company allows a non-cash exchange to improve its balance sheet.
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