debt
confidence high
sentiment negative
materiality 0.60
Bespoke Extracts subsidiary converts $169K unpaid rent into promissory note, cuts lease rent to $4,000/month
Bespoke Extracts, Inc.
- Converted $169K of unpaid rent into a promissory note due Dec 31, 2030 at 10% annual interest.
- Extinguished promissory notes previously issued by landlord WL Holdings to the company.
- Lease base rent reduced to $4,000/month effective Jan 1, 2025.
- Note issued by wholly owned subsidiary Bespoke Extracts Colorado, LLC.