G6 Materials to cease revenue generating activities and impending Cease Trade Order
G6 Materials has announced it will cease all revenue generating activities due to legal hardships, an inability to raise capital, insolvency issues and an impending failure to file cease trade order to be issued by the British Columbia Securities Commission.
The Company will cease operations at its Ronkonkoma, NY facility following an eviction notice from the landlord due to significant unpaid rent. The Company maintains the Graphene Supermarket and Breathe Plus digital assets and will look to develop opportunities within these avenues for revenue generation. The Company is currently assessing its situation to determine the next steps.
Source: http://www.graphene-info.com/g6-materials-cease-revenue-generating-activities-and-impending-cease-trade
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