Cann Group Limited (ASX:CAN)

Cann Group Limited announced the successful completion of its debt restructuring on 15 December 2025. This restructuring involved settling a debt transaction initially announced on 27 October 2025. The company executed a forbearance and settlement deed with its main financier, National Australia Bank (NAB), agreeing to a settlement of $15.3 million, which included the release of all securities held by NAB and discharge of all real property mortgages. This move closed the loan facilities that previously amounted to approximately $70 million. To fund the payout, Cann Group secured a $9 million loan from an Australian private credit fund, adding to an existing $5.45 million loan, creating a total loan balance of $14.45 million. The terms of the new loan include a two-year term at an interest rate of 9.5% per annum with additional interest payable at maturity. Cann Group also raised $9 million through an equity raising which was approved at the annual general meeting. The restructuring is seen as a key milestone for Cann Group, significantly strengthening the company’s balance sheet and providing a more sustainable capital structure.