Lobe Sciences (TSE:LOBE) has released an update.
Lobe Sciences Ltd. is actively pursuing strategies to increase shareholder value, including potential uplisting on major stock exchanges and out-licensing of its proprietary assets, L-130 and Altemia. The company recently secured a $500,000 convertible note to strengthen its financial position ahead of a larger funding round, aimed at better reflecting its scientific achievements in the market valuation. Lobe is also committed to converting short-term debt and preparing for long-term funding strategies, as it believes its psychedelic compound L-130 has unique potential in the market.
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