Limestone Boat Company (TSE:BOAT) has released an update.
The Limestone Boat Company has announced layoffs and a temporary halt in operations at its New Brunswick facility as part of cost-saving efforts, affecting 27 employees. While pursuing additional funding to improve liquidity, the company expresses optimism about resuming production and reaffirms its commitment to stakeholder interests and long-term presence in the region.
For further insights into TSE:BOAT stock, check out TipRanks’ Stock Analysis page.
