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Cann Group Limited (ASX:CAN)
ALERT: Price-sensitive ASX Announcement for CAN
Current share price for CAN : $0.004 -0.001 (-11.11%)+
Announcement
Release
3 Jul 2026 2:55PM
Price at Release
$0.005
Full Release
Summary
On 3 July 2026, Cann Group Limited announced an increase to its Private Credit Loan Facility by $2 million, under the same terms as its existing agreement with a private credit lender. This additional commitment is designated for specific approved purposes, one of which includes funding the early redemption of the company's convertible notes as of 30 June 2026. This decision aligns with Cann Group's previous indication in its Quarterly Activities Report that it was exploring additional funding options with its debt provider.
Key Points
- Cann Group Limited announced an increase to its loan facility.
- The increase amounts to $2 million under the same terms as the existing facility.
- Funds are designated for specific approved purposes.
- Includes funding the early redemption of convertible notes.
- Aligns with Cann Group's previous funding discussions.
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.
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