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Pervasip (OTC:PVSP) Stock, Option Chain

Pervasip Corp principal activities of Company are consulting, IP licensing, management, staffing, leasing, and support services. It is a diversified asset management company that was founded to acquire, develop, and support companies and technologies in the emerging cannabis industry. It also, own the rights to a cannabis brand.

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

Cannabis

Earnings

News

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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