Clothing retailer Le Chateau obtains CCAA protection, plans to close its doors
alaskahighwaynews.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alaskahighwaynews.ca Daily Mail and Mail on Sunday newspapers.
Quest University pays about $25 2 million to its biggest creditor
squamishchief.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from squamishchief.com Daily Mail and Mail on Sunday newspapers.
by Charlie Smith on December 19th, 2020 at 6:41 AM 1 of 2 2 of 2
A Montreal-based tea merchant looks like it s returned from the dead.
This week, DavidsTea shares shot up by 56 percent, closing on Friday (December 18) at US$2.75 on the NASDAQ exchange.
It s an astonishing turnaround, considering where the company was just five months ago.
Back in July, it sought court protection from its creditors, who were owed $17.3 million.
Landlords across the country were demanding monumental amounts of back rent after the pandemic savaged DavidsTea sales at 220 retail outlets.
Moreover, the share price fell as low as US$0.70 as investors dump their holdings.
Green Growth Brands Provides CCAA and Other Updates – IT Business Net
itbusinessnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from itbusinessnet.com Daily Mail and Mail on Sunday newspapers.