Cann Group Says NAB Extends Loan, Working Capital Facility Maturity Date; Shares Rise Past 3%

MT Newswires Live

02-11

Cann Group (ASX:CAN) said that the National Australia Bank (ASX:NAB) extended the maturity dates of its construction loan and working capital facility from May 31 to Sept. 30, according to a Tuesday Australian bourse filing.

The bank also consented to the capitalization of a further two quarters of interest payments, totaling around AU$1.8 million, for its construction loan.

The next quarterly interest payment for the construction loan will be due in August.

Cann Group's shares rose past 3% in recent trading on Tuesday.

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