SLANG Worldwide (TSE:SLNG) has released an update.
SLANG Worldwide Inc., a major cannabis consumer goods company, has negotiated a waiver and support agreement with its lenders due to its inability to repay the debt by the upcoming maturity date. The agreement includes a standstill period and enhanced reporting, along with a potential restructuring strategy involving the sale or liquidation of company assets. The company is working closely with advisors to explore all possible financial alternatives and will update stakeholders as plans develop.
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