Pervasip Announces Restructuring and Spin-Out
A key aspect of this restructuring involves converting over 80% of the company's debt into equity in the new cannabis-focused entity.
- A key aspect of this restructuring involves converting over 80% of the company's debt into equity in the new cannabis-focused entity.
- In addition to this restructuring, Pervasip is embarking on a strategic transition away from non-productive assets, focusing exclusively on higher-margin branded product sales in all of its operating markets.
- Restructuring our operations and focusing on high-margin, branded product sales will not only streamline our business but also enhance shareholder value," said German Burtscher, CEO/President of Pervasip.
- This strategic restructuring represents a new chapter for Pervasip, positioning it for sustainable growth and profitability.