Cann Group Limited (ASX:CAN) Secures Loan Extension and Interest Deferral from NAB
Loan Extension and Interest Deferral
Cann Group Limited (ASX: CAN) announced that National Australia Bank (NAB) has extended the maturity dates of the Company’s construction loan and working capital facility from 31 May 2025 to 30 September 2025. Additionally, NAB consented to capitalise two further quarters of interest payments, totaling approximately $1.8 million, for the construction loan. The next quarterly interest payment is now due in August 2025. Documentation is being prepared by NAB to formalise the arrangement. Cann is currently in discussions with its private credit fund lender to secure similar assistance.
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