Cost Reduction Efforts
The company achieved a reduction in general and administrative expenses by 21% in the quarter and 13% year-to-date.
Improvement in EBITDA
EBITDA before non-cash events was almost zero or CAD 30,000 negative, compared to CAD 620,000 in 2023, showing an improvement.
Successful Debt Renegotiation
The company has successfully renegotiated 92% of its debt with creditors, aiming to move 95% of total loans to long-term.