“Business conditions have been exceptionally trying this year, and Lattice Biologics is no exception. Unfortunately, we were not able to resolve our debt obligations with our largest secured creditor. Lattice Biologics Inc., the U.S. subsidiary, was forced to restructure amid the multiple demands of the COVID-19 pandemic. Although the Company had no quality issues related to its products, due to excessive debt, we were forced to seek Chapter 7 bankruptcy protection for the subsidiary.
BELGRADE, Mont.--(BUSINESS WIRE)--Lattice Biologics Ltd. (TSX-V: LBL) (OTCBB: LBLTF) (“Lattice Biologics” or the “Company”) announced today that the Company will change its business strategy to focus on the fast growing psychedelics and cannabis markets through the creation of a new life sciences subsidiary. The Company will focus on the research and commercialization of psychedelic products in combination with its stem cell based regenerative compounds while leveraging the Company’s distribution expertise.
Lattice Biologics Ltd. (TSX-V: LBL) (OTCBB: LBLTF) (“Lattice Biologics” or the “Company”) announces cessation of patient recruitment for its Phase 1 study.
BELGRADE, Mont.--(BUSINESS WIRE)--Lattice Biologics Ltd. (TSX-V: LBL) (OTCBB: LBLTF) (“Lattice Biologics” or the “Company”) is pleased to announce that it has obtained TSX-V approval to issue 16,760,000 common shares of the Company to settle outstanding debt.