Kadestone Capital Corp. (TSE:KDSX) has released an update.
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Kadestone Capital Corp., a property investment company, has reported a reduction in its annual net loss from $4.55 million to $1.70 million, or $0.04 per share, for the year ended December 31, 2023. The company ended the year with a strong cash position and substantial investments in Chilliwack and Squamish partnerships. Additionally, Kadestone has restructured a $10 million term loan into a new $10.97 million loan with a progressively increasing interest rate and repayment due by May 1, 2028.
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