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Molecule Holdings Amends and Converts Unsecured Debentures to Strengthen Capital Structure

Story Highlights
  • Molecule Holdings amends and converts debentures, settling $730,000 in outstanding amounts.
  • Some debentures remain in default as holders did not agree to terms or were unlocatable.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Molecule Holdings Amends and Converts Unsecured Debentures to Strengthen Capital Structure

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The latest update is out from Molecule Holdings ( (TSE:MLCL) ).

Molecule Holdings Inc. has amended and converted its unsecured debentures, settling $730,000 of outstanding amounts through the issuance of common shares and warrants. This move aims to enhance the company’s capital structure, although $235,000 of the debentures remain in default as some holders did not agree to the terms or could not be located.

More about Molecule Holdings

Molecule Holdings Inc. is a licensed producer specializing in cannabis-infused beverages for the Canadian market. The company is committed to delivering high-quality drinks that offer consumers a convenient and social way to enjoy cannabis, with a focus on expanding its product portfolio and the overall cannabis beverage market.

Technical Sentiment Signal: Sell

Current Market Cap: C$488.9K

See more insights into MLCL stock on TipRanks’ Stock Analysis page.

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