SLANG Worldwide (TSE:SLNG) has released an update.
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SLANG Worldwide is implementing a wind-down plan due to its inability to repay its debts, involving asset dispositions in Colorado and potential bankruptcy proceedings in Canada. This decision follows unsuccessful attempts to secure a viable restructuring transaction. The company’s financial condition has led to these drastic steps, including a potential sale of assets in Vermont, pending regulatory approval.
For further insights into TSE:SLNG stock, check out TipRanks’ Stock Analysis page.