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Bullboard - Stock Discussion Forum Chemistree Technology Inc C.CHM

Alternate Symbol(s):  CHMJF

Healthcare
Chemistree Technology Inc. is a Canada-based investment company with interests in the United States cannabis sector, real estate and a consumer-focused biotechnology venture, and a renewable energy developer in the wind and solar sector. The Company operates through its wholly owned subsidiaries, American CHM Investments Inc., CHM Desert LLC and Chemistree Washington Ltd. The Company is focused... see more

CSE:CHM - Post Discussion

Chemistree Technology Inc > MONTHLY PROGRESS REPORT
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Post by Predator2018 on Jun 17, 2021 10:19am

MONTHLY PROGRESS REPORT

As of May 31, 2021, the Company had debt obligations outstanding totaling $9,207,000 represented by 9,207 convertible debentures maturing March 29, 2022. The Company does not have the wherewithal at this time to repay the debentures when due. The debentures bear interest at 10% per annum payable semi-annually in December and June.

CHM_CSE_Form_7_-_May_2021_Monthly_Progress.pdf (thecse.com)
Comment by Predator2018 on Jun 17, 2021 10:21am
Is this statement not an indication of bankruptcy? The Company does not have the wherewithal at this time to repay the debentures when due. The debentures bear interest at 10% per annum payable semi-annually in December and June.
Chemistree Technology Inc