Aug. 19 at 12:25 PM
$ABVEF
So they said, we have our credit lines frozen due to the Nasdaq delisting however we can stay operating and have sufficient funding.
Market reacted highly negative yesterday under extreme low volume, actually imo there was no real trading upon this news, it is just the same shares that get transfered up and down..
Above Food received a strategic investment of US
$1,375,000.00 by way of a
$875,000 secured loan and a
$500,000
convertible debenture, which represent a first tranche of a possible multi-tranche investment, with any
additional tranches subject to further finalization.
Jason Zhao, CFO of Above Food said, “This investment is a testament to the success of the
restructuring efforts the Company has undergone this past year, further reflecting the confidence investors
are seeing in the Company’s core business segments going forward.