News: CPH Creso Pharma Announces LOI For Abby And Finn And Restructuring Of Existing Debt

Jan 27 (Reuters) - Creso Pharma Ltd (CPH) :

• LOI FOR ABBY AND FINN AND RESTRUCTURING OF EXISTING DEBT
• ENTERED INTO A NON BINDING LETTER OF INTENT TO ACQUIRE ASSETS OF ABBY AND FINN LLC
• UPON COMPLETION, ACQUISITION TO TAKE CO'S LAST QUARTER ANNUALISED REVENUE TO A$27.5M
• HAS TAKEN STEPS TO SIMPLIFY ITS BALANCE SHEET BY MODIFYING STRUCTURE OF AN EXISTING LOAN
• CONVERTING LOAN DEED AND LOAN MODIFICATION DOCUMENT SIGNED WITH LA PLATA CAPITAL LLC
• UNDER TERMS, $1.3 MILLION OF LA PLATA'S EXISTING $2M DEBT WITH SSH WILL BE SWAPPED FOR US$1.3 MILLION OF CRESO SECURED NOTES