Cannasouth has launched a wholesale offer of secured convertible notes, with the aim of raising up to $2.4 million.
The offer is only open to wholesale investors, eligible investors and close business associates.
The principal terms of the notes include a 24-month term, an interest rate of 10% per annum, and the option for noteholders to either redeem the notes for cash or convert them into Cannasouth shares.
The conversion rights are subject to shareholder approval by January 31, 2026.
The company said it had already issued $1.22m of notes on July 31.
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