Hempsana Holdings Ltd (TSE:HMPS) has released an update.
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Hempsana Holdings Ltd., a cannabinoid product manufacturer, has announced that its subsidiary Hempsana Inc. is undergoing restructuring under a Notice of Intention to make a Proposal, while still operating and fulfilling orders. The company is securing debtor-in-possession financing to maintain liquidity and is initiating a court-approved sale process for its assets. Despite recent liquidity challenges, Hempsana Inc. maintains that it has a solid business foundation and has addressed past issues.
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