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How Did Cann Group Turn a $10.7M Loss into a $26.4M Profit Amid Debt Forgiveness?
4:02pm on Friday 27th of February, 2026 AEDT
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Healthcare
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How Did Cann Group Turn a $10.7M Loss into a $26.4M Profit Amid Debt Forgiveness?
4:02pm on Friday 27th of February, 2026 AEDT
Key Points
Reported $26.4 million profit after a $55.7 million debt forgiveness
Revenue declined 30% to $4.52 million amid refinancing activities
Operating expenses cut by 33%, improving EBITDA by 42%
Technical breach of loan covenants with lender waivers obtained
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