Glow Lifetech Achieves Debt-Free Status, Strengthening Balance Sheet and Enhancing Financial Flexibility for Growth

Core Insights - Glow Lifetech Corp has achieved a debt-free status, eliminating all outstanding debt and enhancing its financial flexibility for growth [1][2][3] Financial Position - Over the past 18 months, Glow has improved its financial position by reducing over $1.4 million in debt, including the complete elimination of $368,509 in long-term debt and demand loans [2] - The elimination of debt has reduced interest expenses, allowing the company to allocate more cash flow towards growth initiatives [2][3] Strategic Growth - The CEO of Glow Lifetech emphasized that achieving debt-free status significantly strengthens the company's financial foundation and provides flexibility to invest in key growth initiatives [3] - With a solid financial foundation, Glow is positioned to advance its national growth strategy and work towards sustainable profitability [3] Company Overview - Glow Lifetech is a Canadian biotechnology company focused on producing nutraceutical and cannabinoid-based products with enhanced bioavailability and effectiveness through its MyCell Technology® delivery system [4]