Cann Group secures additional funding from NAB, lights up Mildura night sky

Cann Group has entered into a master asset financing agreement (MAFA) with National Australia Bank (NAB), providing a cost-effective means of buying capital equipment, and allowing the firm to spread the costs over an agreed time period.

The MAFA has a revolving leasing limit of A$750,000 which will decrease when goods are financed and increase when repayments are made. Each financing lease will have a different interest rate, determined by the Reserve Bank’s rate at the time and the nature of the item being leased.