Bullboard - Stock Discussion Forum Good Natured Products Inc V.GDNP.H

Alternate Symbol(s): GDNPF

Chemicals Basic Materials

good natured Products Inc. offers an assortment of plant-based products made all, or in part, from the maximum possible amount of rapidly renewable resources. The Company’s segments include Industrial, Packaging, General Merchandise, Commercial Business Supplies, and Services. The Company is focused on making it easy and affordable for business owners and consumers to shift away from petroleum... see more

TSXV:GDNP.H - Post Discussion

Good Natured Products Inc > Text from submission for CCAA

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Post by dileas48s on Jul 05, 2024 9:48am

Text from submission for CCAA

7. The Company has limited remaining cash on hand and is unable to make payments on its secured funded debt obligations as they become due, Absent obtaining additional financing in the near term, the Company also will be unable to meet its normal course obligations as they fall due. As such, the Company is insolvent and the relief sought herein is urgently required for the Company to maintain the CDNP Business, preserve value for stakeholders, and maintain the status quo.

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Comment by doggy123 on Jul 05, 2024 10:59am

Bankruptcy period

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Comment by davgro on Jul 05, 2024 11:30am

Anticipate an announcement by the TSX Venture Exchange that trading of GDNP.H shares is halted for "failure to maintain exchange requirements". This will be followed by an eventual delisting of the shares which will make them worthless and untradeable. At that point, or if a Cease Trade Order (CTO) is issued, you have the option to use a "Deed of Gift" to ...more

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