A “major restructure” of its balance sheet will enable Cann Group to continue to meet its business obligations, the company has said, after disclosing it had just $60,000 of available funding at the end of FY25 and an operating cash deficit in Q4 of nearly $2.4 million.
The firm told the Australian Securities Exchange that “advanced discussions” are underway to restructure its debt position which, if successful, will materially reduce its interest repayments.
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