Healing Company (HLCO) has released an update.
The Healing Company Inc. is facing financial troubles after receiving a Notice of Default due to missed interest payments and has had all its debts called in by the lenders. The company is now required to immediately pay back an outstanding sum of approximately $4.37 million, including principal, interest, and fees, with additional costs continuing to accrue. The lenders have also terminated their commitments, meaning no more funds will be provided to the company moving forward.
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