Heritage Cannabis Holdings Corp. (OTCQX:HERTF) (CSE:CANN) has entered into a second loan amending agreement to an original loan agreement dated March 29, 2021, as amended October 4, 2021 with BJK Holdings Ltd. in the total amount of $19.775 million across four facilities.
As a result of the second amending agreement, the maturity date on the loan has been extended to November 30th, 2024, and an additional loan facility in the amount of $4.985 million has been extended to the company, bringing the total amount of proceeds that the company has access to through the loan to $19.775 million. A one-time loan amendment fee of $985,000 was paid to BJK on September 29, 2022.
