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Cann Group Limited (ASX:CAN)

ALERT: Price-sensitive ASX Announcement for CAN
Current share price for CAN : $0.003 0.001 (50%)+
Announcement
Release
30 Jun 2026 9:41AM
Price at Release
$0.002
Full Release
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Summary
Cann Group Limited has announced the early redemption of 350,000 convertible notes with Obsidian Global GP, LLC, with an agreement to redeem the notes at 100% of their aggregate face value of US$402,500. Obsidian has waived the additional 5% early redemption premium, resulting in a net payment of US$363,704 from Cann Group to Obsidian. This redemption marks the conclusion of the convertible securities facility with Obsidian. The decision was authorized by the Board of Directors of Cann Group Limited.
Key Points
  • Cann Group Limited announces the early redemption of convertible notes.
  • The redemption is agreed upon with Obsidian Global GP, LLC.
  • 350,000 convertible notes will be redeemed at 100% of their face value.
  • Obsidian waives the additional 5% premium for early redemption.
  • The net amount payable to Obsidian after set-off is US$363,704.
  • The facility with Obsidian will end after the redemption.
  • The action is approved by the Board of Directors of Cann Group Limited.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.