debt
confidence high
sentiment neutral
materiality 0.60
GCAN extends note maturities to April 2023, obtains default waiver from FFG
Greater Cannabis Company, Inc.
- Extended maturity of two Convertible Promissory Notes (each $272,500 principal) to April 30, 2023.
- FFG waived all Events of Default as of May 1, 2022 under the Notes and related Transaction Documents.
- Notes originally issued March 11, 2021 and June 28, 2021 under Amended Securities Purchase Agreement.