Good Natured Products (TSE:GDNP.H) has released an update.
Good Natured Products Inc. reported a Q2 2024 revenue of $16.0 million, a decrease from the previous year but a 14% increase from Q1 2024, with an improved adjusted EBITDA of $0.5 million. The company is undergoing a restructuring process under the CCAA, with a stay of proceedings extended until October 25, 2024, and is actively pursuing a sale and investment solicitation process to enhance stakeholder value.
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