Molecule Holdings (TSE:MLCL) has released an update.
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Molecule Holdings Inc., a Canadian cannabis beverage producer, has been granted a second Partial Revocation Order by the OSC, allowing them to amend their unsecured debentures and proceed with a private placement offering. The company aims to resolve outstanding financial obligations and continue operations by converting debt into shares and raising additional capital. The completion of these financial maneuvers is expected prior to the revocation order’s expiration, with conditional approval already secured from the CSE.
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