Covalon Technologies (TSE:COV) has released an update.
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Covalon Technologies Ltd., an advanced medical technologies company, announced the successful redemption of warrants from its 2019 private placement, amounting to a cash inflow of approximately $5.5 million CAD. This financial boost has increased the company’s net cash to around $16 million CAD, signaling strong insider and shareholder confidence in Covalon’s growth potential.
For further insights into TSE:COV stock, check out TipRanks’ Stock Analysis page.
