Ecofibre Ltd. (AU:EOF) has released an update.
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Ecofibre Ltd. has successfully executed a sale and leaseback of its U.S. properties, generating $9.7 million to aid debt reduction and improve financial sustainability. This strategic move allows Ecofibre to repay a significant portion of its secured loans, while ongoing negotiations for additional working capital loans are expected to further stabilize the company’s cash flow. As a player in advanced technologies and health solutions, Ecofibre aims to strengthen its market presence amidst these financial adjustments.
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