ShinyBud Corp (TSE:SNYB) has released an update.
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Shiny Bud Inc., a subsidiary of Shiny Health & Wellness Corp., has completed a Notice of Intention to Make a Proposal process but failed to achieve a satisfactory sale through the SISP, resulting in a related party of the DIP Lender becoming the sole securityholder. Despite these efforts and the liquidation of certain liabilities, Shiny Health continues to face financial difficulties and is exploring strategic alternatives.
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