Pontus Protein Ltd (OTCMKTS:HLKKF) Stock Continues to Trade in a Narrow Range

Pontus Protein Ltd (OTCMKTS:HLKKF) has entered a debt settlement agreement with its creditors to pay debts of up to $66,197. As per the agreement, the company will give the creditors 491,891 of its common shares at $0.16 per share.

Trading Data

On Friday, HLKKF stock ended flat at $0.1058 with more than 2K shares, compared to its average volume of 3k shares. The stock has moved within a range of $0.1058 – 0.1058 after opening trade at $0.1058.

Pontus Protein Announces Debt Settlement Agreement

The company will require approval from the TSX Venture Exchange and the Board on issuing shares and the debt agreement. Moreover, Pontus will home the shares it issues to cover the debt for four months and one day after it issues them.

Pontus Protein is a company in Vancouver, British Columbia that focuses on agricultural technology. The company aims to help people make better food decisions. It offers plant-based food that grows sustainably. The good is very nutritious and palatable.

The company has developed the Closed Environment Vertical Aquaponic System. It also grows lentils with 95% less water than conventional agricultural techniques. Moreover, the lentils require no chemicals or pesticides.

Pontus hopes to resolve the world’s food crises through sustainable indoor farming practices. For example, the company can grow lentils in any climate and harvest them daily. As a result, the company has made lentil farming faster and more efficient for people globally.