FinCanna Capital Corp.(CSE:C.CALI,
OTCQB:FNNZF,
Forum) announced on Wednesday that it has received $3.9 million (USD) as partial repayment of an outstanding secured loan from
Cultivation Technologies Inc. (CTI)
. The Company will continue to earn 50% of the profits of CTI’s Interim Extraction and Manufacturing Facility, which is expected to remain operational until June 2019.
More information can be found
here.
A royalty Company for the U.S. licensed medical cannabis industry, FinCanna was
in the news recently when it upsized and closed the second and final tranche of financing of $2.4 million for a total of $4.8 million.
FULL DISCLOSURE: FinCanna Capital Corp is a client of Stockhouse Publishing.