Cann Group (ASX:CAN) said it agreed to a AU$750,000 drawdown on its convertible note facility with Obsidian Global on Thursday, according to a Friday Australian bourse filing.
The facility agreement was amended to enable the drawdown to occur in two stages.
In the first stage, AU$150,000 will be drawn down, while AU$600,000 for the second stage will be received following the filing of an applicable prospectus.
The firm's shares fell over 1% on market close on Friday.
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