Jack Nathan Medical (TSE:JNH) has released an update.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Jack Nathan Medical Corp. has secured an additional Cdn$474,000 in debt funding from Wal-Mart Canada Corp. to sustain its operations through August 2024, while actively seeking further financial solutions and considering strategic alternatives, including a potential wind-down plan. The loan is an extension of an existing credit facility, with a 7% annual interest rate, as the company evaluates various strategic initiatives to strengthen its financial position.
For further insights into TSE:JNH stock, check out TipRanks’ Stock Analysis page.