- Cann Group (CAN) has secured a $50 million loan from National Australia Bank (NAB)
- The funds will be used to complete the first stage of Cann’s medicinal cannabis production site near Mildura
- The company is currently expanding its facility to increase its dried cannabis flower production
- Site construction is expected to commence in February 2021, with the first product to be processed and released by March the following year
- Once completed, the first stage will provide Cann with the capacity to produce 12,500 kilograms of the dried flower every year
- On the market this morning, Cann is up 12.9 percent and is trading for 35 cents per share
Cann Group: Secures $50M loan for Mildura
