GREY:XEBEQ - Post by User
Post by
Pennyscalper99on Oct 14, 2022 11:18pm
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Post# 35026301
From XBC
From XBCVarious factors, including difficult financial market conditions, inflation and increased costs, supply chain pressures and legacy contracts, led us to make this difficult decision. The CCAA is a Canadian legislation that provides businesses with the opportunity to restructure while continuing to operate, and initiate a court supervise sale and investment solicitation process. The Company is working very hard with its lenders to secure the required financing to pursue its restructuring while continuing to operate.