09:41 AM EST - Gratomic Inc. : Announced that it has officially achieved debt-free status. This feat was accomplished through the committed and strategic efforts carried out by management over the past several months to effectively eliminate the debt of the Company. On June 12, 2020, the Company announced the successful completion of a $2.25 million financing, which included $1.5 million in convertible debentures. Since then, all of the outstanding debentures have been converted into common shares. Commencing in the fall of 2020, there was a systematic appreciation of the Company's stock price, ushered on by immense support from institutional and retail investors. The Company commenced trading on the OTCQB Venture Market on December 14, 2020. The Company's current cash position is approximate $2.4 million. This provides the Company with sufficient capital to see it through the commissioning phase. Gratomic Inc.
shares V.GRAT are trading up 11.76 percent at $0.95.
