ShinyBud Corp (TSE:SNYB) has released an update.
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Shiny Health & Wellness Corp. has successfully addressed $156,850 of debt by issuing over 1.1 million units at $0.10 each, plus 400,000 common shares to an insider, as part of a strategic move to preserve working capital. This debt settlement includes share purchase warrants, with a quarter of the transaction involving insider participation under specific TSXV exemptions. All securities from this settlement are subject to a four-month hold period.
For further insights into TSE:SNYB stock, check out TipRanks’ Stock Analysis page.
