Good Natured Products (TSE:GDNP.H) has released an update.
Good Natured Products Inc., a North American eco-friendly product leader, has announced an extension of its restructuring period under court protection to finalize a sale or investment process. To support its operations and restructuring, the company secured debtor-in-position financing from Wells Fargo with a revolving loan limit of $15.1 million USD. This financial strategy aims to benefit stakeholders and sustain the company’s shift towards sustainability in its product offerings.
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