Cannabis Global Restructures Significant Portion of Short Term Debt as it Prepares for Accelerating Growth

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Mar 17, 2022

LOS ANGELES, CA / ACCESSWIRE / March 17, 2022 / Cannabis Global, Inc. (OTC PINK:CBGL), a licensed Los Angeles-based manufacturer and distributor in the cannabis sector today releases the details of its recent debt restructuring where shorter terms notes were paid in full via a new financing. The new note bears interest at 12% per annum and is convertible into common shares of the company at a later date. Additionally, the note funder was granted rights to purchase shares in the future at a predetermined price via warrants.