Ecofibre Extends loan repayments
- Hemp company Ecofibre (EOF) has extended its loan repayments with an unnamed trust associated with the company’s then non-executive director Barry Lambert
- The term of the loan has been extended by agreement with the lender for the amount due to be repaid on July 15, 2022 being reduced to $2 million
- The remaining balance of $8 million to be repayable on July 15, 2023
- The key terms of the loan, including an 8 per cent per annum interest rate, remain unchanged
- Shares in Ecofibr e are down 1.71 per cent to 57.5 cents
