MMJ Group Holdings Ltd (ASX:MMJ) has agreed to defer the repayment by Harvest One Cannabis Inc (CVE:HVT) of its secured loan in the amount of C$2 million until July 17.
Harvest One is a global cannabis company that develops and provides innovative lifestyle and wellness products to consumers and patients in regulated markets around the world.
MMJ is the largest shareholder, holding approximately 26% of HVT and this is one of the largest investments within the MMJ cannabis and hemp portfolio.
Issue of warrants[hhmc]
On April 6, HVT issued more than 17.083 million share purchase warrants to MMJ as consideration for agreeing to extend the maturity date of a secured loan agreement.
Each warrant entitled the holder to purchase one common share in the capital of the company at a price of 6 cents at any time until the earlier of the date of the further extension or renewal of the loan.
The issuance of warrants tRead More – Source
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