News: Spyder Cannabis Secures $200,000 Replacement Loan

Vaughan, Ontario–(Newsfile Corp. – January 27, 2021) – Spyder Cannabis Inc. (TSXV: SPDR) (“Spyder Cannabis” or the “Company”), an established Canadian cannabis and vape retailer, is pleased to announce that it has entered into a loan agreement (the “Loan Agreement”) with an independent third party (the “Lender”) pursuant to which the Company has secured a loan in the amount of up to $200,000 (the “New Loan”). The Company intends to use a material portion of the proceeds of the New Loan to repay the Company’s indebtedness to an existing creditor of the Company in the amount of approximately $189,217 (the “Existing Indebtedness”), on or before February 12, 2021. READ MORE

Leave a Comment