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Cann Group (ASX:CAN) share price rockets on NAB (ASX:NAB) update – Motley Fool Australia
The Cann Group Ltd (ASX:CAN) share price is rocketing higher on Monday after National Australia Bank (ASX:NAB) provided a $50 million debt facility…
The Cann Group Ltd(ASX: CAN) share price has started the week in sensational form.
In afternoon trade the cannabis company’s shares are up a sizeable 13% to 35 cents.
Why is the Cann Group share price rocketing higher?
Investors have been buying the company’s shares on Monday after it provided an update on its debt facility.
According to the release, the company has received credit approval from National Australia Bank(ASX: NAB) for a $50 million secured debt facility. Management expects to complete…
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