DELIVRA HEALTH BRANDS INC. (DHBUF: OTCQB) | Delivra Health Brands Announces Proposed Share Consolidation
Delivra Health Brands Inc. (TSXV: DHB) (OTCQB: DHBUF) has announced plans for a share consolidation:
- The company will consolidate its common shares on a 10:1 basis.
- This will reduce the number of outstanding shares from 312,617,854 to approximately 31,261,785.
- The consolidation aims to facilitate organic growth and provide flexibility for future corporate initiatives.
- Management believes this will attract new shareholders and improve marketability of shares.
- The consolidation was approved by the board on January 27, 2025, but still requires TSX Venture Exchange approval.
- Existing stock options and warrants will be adjusted accordingly.
- The company will not change its name in conjunction with the consolidation.
- The effective date will be announced after receiving TSXV approval.
Delivra Health Brands focuses on alternative wellness solutions, with brands like Dream Water® and LivRelief™.
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