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Pervasip (OTC:PVSP) Stock, Option Chain

Pervasip Corp principal activities include investing in the development of new technologies and key partnerships within the industrial agriculture sector. The company is working on creating solutions that significantly enhance crop yields and optimize resource utilization. The organization is leveraging proprietary and licensed technologies, coupled with artificial intelligence, to refine biological input strategies and accelerate the development of sustainable agricultural practices.

cannabis debt (NikolayFrolochkin and ganjaspliffstoreuk by Pixabay)(54)

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PVSP

Pervasip announced on Tuesday its 2024 first-quarter financial results. Simultaneously, the Seattle, Washington-based company said it&#39;s still in the restructuring process and preparation for the spin-out of all of its cannabis assets.

&#34;We are entering our final phase of restructuring which involves making difficult decisions to ensure additional expense reductions and separating the company from assets it has held for many years,&#34; German Burtscher, Pervasip&#39;s president and chief executive officer, said. Additionally, as part of the restructuring, George Jordan has resigned from his duties as CFO and COO of the company and will stay on as an advisor, supporting management through its final phase of changes in preparation for the spin-out of Artizen Corporation.

Pervasip Reports Slight YoY Decrease In Q1 Revenue As It Prepares For Cannabis Spin-Off

cannabis deals (Pixabay)(2)

Pervasip Converts $15M Debt, Moves Toward Profitability With Cannabis Spin-Off

Markets

Pervasip Corp. (OTCPK:PVSP) is setting up Artizen Nano in Los Angeles, CA for expansion into the California cannabis market and to that extent has signed a letter of intent with MTN Group to enter into definitive agreements by end of July 2023.

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