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An update from Miniluxe Holding Corp. ( (TSE:MNLX) ) is now available.
MiniLuxe Holding Corp. has successfully converted all its outstanding convertible debentures into Subordinate Voting Shares, reducing its debt by 30% and strengthening its financial position. This move, along with the issuance of shares to employees as part of compensation, aligns with MiniLuxe’s strategy to enhance shareholder value and demonstrates confidence in the company’s growth prospects.
More about Miniluxe Holding Corp.
MiniLuxe is a Delaware corporation based in Boston, Massachusetts, operating in the beauty and self-care industry. It is a lifestyle brand and talent empowerment platform that delivers high-quality nail care and esthetic services through company-owned and partner-operated studios. MiniLuxe is committed to elevating industry standards with healthier, ultra-hygienic services, modern design, ethical labor practices, and cleaner products. The company aims to transform the self-care and nail care industry through its brand, standards, and technology platform, empowering a large workforce through professional development and equity ownership.
YTD Price Performance: 12.00%
Average Trading Volume: 15,152
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$85.78M
For a thorough assessment of MNLX stock, go to TipRanks’ Stock Analysis page.