Silver Phoenix Resources (TSE:ATL) has released an update.
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Atlas Global Brands Inc. has announced an extension of their stay period until July 2, 2024, as part of their ongoing CCAA proceedings, which will allow them to negotiate further with secured creditors and pursue restructuring options. The company is seeking court approval for interim financing to stabilize operations and potentially conduct a court-supervised sale of business or assets. Atlas Global, operating in seven countries, specializes in the cannabis value chain including cultivation, manufacturing, and distribution, with expansion efforts in Israel’s medical cannabis pharmacies.
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