Jack Nathan Medical (TSE:JNH) has released an update.
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Jack Nathan Medical Corp. has secured an additional Cdn$474,000 in debt funding from Wal-Mart Canada Corp. to sustain its operations through August 2024, while actively seeking further financial solutions and considering strategic alternatives, including a potential wind-down plan. The loan is an extension of an existing credit facility, with a 7% annual interest rate, as the company evaluates various strategic initiatives to strengthen its financial position.
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