Bevcanna Enterprises Inc. (TSE:BEV) has released an update.
BevCanna Enterprises Inc. has successfully completed the third segment of its promissory note financing initiative, securing an additional $115,000 to bolster its working capital and pay outstanding debts. The notes carry a 15% annual interest rate and are secured by the company’s assets, with the intention to potentially release further tranches. BevCanna, known for its lifestyle and wellness products, continues to strengthen its financial foundations without issuing new shares or paying finder’s fees.
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