Friday’s Dog Holdings Inc. (TSE:FRDY) has released an update.
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Friday’s Dog Holdings Inc. has announced a strategic move to spin-out its consumer canine care and grooming product subsidiary, Friday’s Dog Inc., into a separate entity, allowing for more focused development and reduced operating costs. The initiative, subject to shareholder and regulatory approval, aims to enhance value for shareholders by creating two distinct public reporting companies with more targeted business objectives. This restructuring is part of a larger plan to streamline the parent company’s focus on the resource and energy sectors while Spinco gains direct access to capital markets for its growth.
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