Loop industries reports third quarter fiscal 2023 results

Loop management to hold update call: 11:00am et, on friday january 13th, 2023 montreal, qc / accesswire / january 12, 2023 / loop industries, inc. (nasdaq:loop) (the "company" or "loop"), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("pet") plastic and polyester fiber, today provided an update on its activities and reported its consolidated financial results for the third quarter of fiscal year 2023. agreement to sell bÉcancour site and cost reduction measures to ensure ongoing liquidity on december 22, 2022, loop announced it had entered into an agreement to sell all of its remaining property in bÉcancour, quebec for cdn $18.5 million (us $13.9 million).
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