Bzam Ltd (TSE:BZAM) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
BZAM Ltd. has received court approval for creditor protection to restructure its business amidst financial struggles, including cash flow issues and competition in the cannabis industry. The process includes potential asset sales through a court-supervised sale and investment solicitation process (SISP), with the aim of emerging as a stronger entity. Operations will continue during the restructuring, although trading of BZAM’s shares may be halted or delisted.
For further insights into TSE:BZAM stock, check out TipRanks’ Stock Analysis page.