GREY:CBDHF - Post Discussion
Post by
rino27 on Dec 30, 2022 3:22am
Hempfusion Wellness completes sale of assets and operations
viewHempFusion Hempfusion Wellness completes sale of assets and operations of probiotic business to Kadenwood
HempFusion Wellness Inc (TSX:CBD.U, OTCQX:CBDHF) said it has sold the assets and operations of its probiotic business, principally supplements sold under the Probulin brand name, under an asset purchase agreement dated November 21, 2022, with Kadenwood Inc, a private Delaware corporation.
"Through this sale we have been able to reduce our debt and add operating cash, allowing the continued operation of our core CBD business,” the company said in a statement.
“We expect to use a portion of the proceeds to complete our financial audits and we are aiming to re-establish our listing qualifications in 2023," it added.
viewHempFusion Hempfusion Wellness completes sale of assets and operations of probiotic business to KadenwoodHempfusion Wellness completes sale of assets and operations of probiotic business to Kadenwood
HempFusion Wellness Inc (TSX:CBD.U, OTCQX:CBDHF) said it has sold the assets and operations of its probiotic business, principally supplements sold under the Probulin brand name, under an asset purchase agreement dated November 21, 2022, with Kadenwood Inc, a private Delaware corporation.
"Through this sale we have been able to reduce our debt and add operating cash, allowing the continued operation of our core CBD business,” the company said in a statement.
“We expect to use a portion of the proceeds to complete our financial audits and we are aiming to re-establish our listing qualifications in 2023," it added.
Be the first to comment on this post