Pharmagreen Biotech Inc (PHBI)

[WiseTrader]

Company filed for BK protection BUT judge did not approve! this isn't good for the Company no!

CARSON CITY, NV , Oct. 19, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Pharmagreen Biotech, Inc. , (OTC PINKS: PHBI), a company specializing in the development of tissue cultured starter plantlets for the hemp industry, today announced that it is no longer under chapter 11 proceedings of the U.S. Bankruptcy Code. On August 11, 2020 , the Company voluntarily filed for petitions for relief under chapter 11. On October 09, 2020 , a stay order was lifted by a United States District Judge of the United States District Court for the Southern District of New York , on an action filed by EMA Financial LLC . The company does not plan to appeal this ruling. This effectively removed the company from its Chapter 11 bankruptcy proceedings and protection.