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Cann Group Secures NAB Loan Extension and Interest Deferral to Ease Financial Pressure
9:12am on Tuesday 11th of February, 2025 AEDT
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Healthcare
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Cann Group Secures NAB Loan Extension and Interest Deferral to Ease Financial Pressure
9:12am on Tuesday 11th of February, 2025 AEDT
Key Points
NAB extends Cann Group’s loan maturity from May to September 2025
Two quarters of interest payments (~$1.8 million) deferred and capitalised
Next construction loan interest payment now due August 2025
Cann Group negotiating similar terms with private credit fund lender
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