BevCanna Enterprises (TSE:BEV) has released an update.
BevCanna Enterprises Inc., a lifestyle and wellness consumer packaged goods company, is set to improve its financial standing by settling debts totaling $2.66 million through the issuance of common shares and units. Creditors will receive shares and warrants, with various holding periods to comply with Canadian Securities Exchange regulations. This strategic move aims to solidify the company’s balance sheet and provide an optimistic outlook for the future.
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