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Earthworks Industries ( (TSE:EWK) ) just unveiled an announcement.
Earthworks Industries Inc. has reached an agreement with North Bay Corporation to waive the transfer of shares held in escrow, effectively forgiving the company’s debt. In exchange, North Bay will receive 10% of Earthworks’ common shares and an option to acquire up to 10% of any future financings, impacting Earthworks’ financial obligations and ownership structure.
More about Earthworks Industries
Earthworks Industries Inc. operates in the waste management industry, focusing on integrated waste management solutions through its subsidiary, Cortina Integrated Waste Management Inc.
Average Trading Volume: 110,440
Technical Sentiment Signal: Sell
Current Market Cap: C$2.63M
For detailed information about EWK stock, go to TipRanks’ Stock Analysis page.