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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