Molecule Holdings Inc. (TSE:MLCL) has released an update.
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Molecule Holdings Inc., a Canadian cannabis beverage producer, has had a portion of its cease trade order lifted by the Ontario Securities Commission, allowing it to proceed with amendments to its unsecured debentures and a private placement offering aiming to raise $300,000. These funds are intended to cover regulatory fees, preparation of continuous disclosure documents, and general corporate expenses. The company’s directors and officers are expected to participate in these financial activities, which are subject to certain conditions and approvals.
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