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Purebread Brands Inc. Extends Trade Order and Completes Debt Settlement Tranche

Story Highlights
  • Purebread Brands Inc. extends its management cease trade order due to audit delays.
  • The company completes first tranche of debt settlement, issuing shares to settle $3.5 million.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Purebread Brands Inc. Extends Trade Order and Completes Debt Settlement Tranche

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The latest update is out from Coho Collective Kitchens Inc ( (TSE:BRED) ).

Purebread Brands Inc., a company listed on the TSX Venture Exchange, has received an extension for its management cease trade order from the British Columbia Securities Commission due to delays in filing its audited financial statements. The company is working to complete the audit and expects to file its Q1 interim financial statements shortly after. Additionally, Purebread has completed the first tranche of a debt settlement, issuing shares and warrants to settle over $3.5 million in debt, with a second tranche expected soon. This move aims to improve the company’s financial standing and involves related party transactions, impacting ownership stakes.

More about Coho Collective Kitchens Inc

Average Trading Volume: 27,558

Technical Sentiment Signal: Sell

For detailed information about BRED stock, go to TipRanks’ Stock Analysis page.

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