BevCanna Converts Debt to Equity, Issues New Shares
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BevCanna Converts Debt to Equity, Issues New Shares

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BevCanna Enterprises (TSE:BEV) has released an update.

BevCanna Enterprises Inc. has completed the conversion of a $100,000 debt into equity, issuing 166,666 common shares at $0.60 each. These Debt Settlement Shares are subject to a four-month restricted period. The company is known for developing and manufacturing alkaline and mineralized beverages, owning an alkaline spring water aquifer and a large manufacturing facility in British Columbia.

For further insights into TSE:BEV stock, check out TipRanks’ Stock Analysis page.

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