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FinCanna Receives $3.9 Million Loan Repayment

Stockhouse Editorial
1 Comment| March 6, 2019

FinCanna Capital Corp. (CSE:C.CALIOTCQB:FNNZFForum) 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.

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