Blockchain Registration Transaction Record

Illumination Brands Announces Plans to Pay Off Creditors and Return Capital to Shareholders

Illumination Brands, formerly CBD Global Sciences Inc., announces plans to pay off creditors and distribute remaining shares/funds as a return of capital to shareholders. This news highlights financial challenges and the proposed steps to address them, impacting shareholders and creditors.

This news matters as it illustrates the challenges faced by a former CBD industry player and the steps taken to address financial difficulties. Shareholders and creditors will be impacted by the proposed plans to distribute remaining shares/funds as a return of capital and the potential sale or issuance of LTNC shares to repay debts.