Cloud DX Inc. Announces Restructuring Process and the Resignation of 2 Directors
KITCHENER, ON / ACCESSWIRE / June 6, 2024 / Cloud DX Inc. ("Cloud DX") (TSXV:CDX)(OTCQB:CDXFF) today reports that its wholly-owned subsidiary, Cloud Diagnostics Canada ULC (the "Company"), with the authorization and approval of its board of directors (the "Board"), has filed a Notice of Intention to Make a Proposal ("NOI") pursuant to the provisions of the Bankruptcy and Insolvency Act (Canada). Cloud Diagnostics Canada ULC is a material subsidiary of Cloud DX Inc, accounting for most of the Company's revenues.
Cloud DX hails $9.4mln British Columbia health contract as 'milestone'
Cloud DX (TSX-V:CDX, OTCQB:CDXFF) has hailed its latest provincial health authority contract as a “critical milestone” after the contract's value of just over CA$9.4 million was confirmed. Agreed with British Columbia Provincial Health Services Authority last month, the provider has since firmed up the value of the award, Cloud DX (TSX-V:CDX, OTCQB:CDXFF) noted on Tuesday.
