Lifecore Biomedical (LFCR) just unveiled an update.
On May 15, 2024, the Company and its subsidiaries, including Curation, Camden Fruit Corp., and Greenline Logistics, decided to transfer virtually all their assets to SG Service Co., LLC for the purpose of liquidating and repaying their creditors. This strategic move, aimed at satisfying legal obligations to stakeholders, will result in SG Service Co., LLC gaining full control over the assets and overseeing the liquidation process and settlement of creditor claims.
For a thorough assessment of LFCR stock, go to TipRanks’ Stock Analysis page.
