debt
confidence high
sentiment neutral
materiality 0.25
CNBX Pharmaceuticals issues $45K promissory note to 3i L.P. for working capital
CNBX Pharmaceuticals Inc.
- Non-convertible note principal $45,000, due July 1, 2026, with 5% simple interest.
- Proceeds used for immediate working capital needs.
- Holder may exchange 120% of outstanding balance for equity in a future financing at the lowest price.
- Payments include a 20% premium; note may be prepaid on two days' notice.