Hemp Today reports
Creditors owed a total of €9.6 million by Austria-based CBD company Deep Nature Project GmbH will receive 20% of the money under a recently announced restructuring plan.
The payments will be made to the company’s 112 creditors in three installments over a period of two years, according to Austria’s Credit Protection Association (KSV) and the Alpine Association of Creditors (AKV), which approved the restructuring after the Gols-based company declared insolvency this summer.
KSV and AKV said the plan will let the company continue to operate.
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Creditors to get 20% of €9.6 million owed, as Austrian hemp company restructures