Healing Company (HLCO) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
The Healing Company Inc. is facing financial troubles after receiving a Notice of Default due to missed interest payments and has had all its debts called in by the lenders. The company is now required to immediately pay back an outstanding sum of approximately $4.37 million, including principal, interest, and fees, with additional costs continuing to accrue. The lenders have also terminated their commitments, meaning no more funds will be provided to the company moving forward.
For further insights into HLCO stock, check out TipRanks’ Stock Analysis page.