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CANADABIS CAPITAL PROPOSES REDUCTION TO CONVERTIBLE DEBENTURE CONVERSION PRICE AND ANNOUNCES INTENTION TO PAY NEXT INSTALLMENT DEBENTURE INTEREST IN COMMON SHARES
CANADABIS CAPITAL PROPOSES REDUCTION TO CONVERTIBLE DEBENTURE CONVERSION PRICE AND ANNOUNCES INTE...
About this update from Canadabis Capital, Inc.
[{"type":"text","content":"\n\n\nCANADABIS CAPITAL PROPOSES REDUCTION TO CONVERTIBLE DEBENTURE CONVERSION PRICE AND ANNOUNCES INTENTION TO PAY NEXT INSTALLMENT DEBENTURE INTEREST IN COMMON SHARES\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\nCanada NewsWire\n\n\nCALGARY, AB, Dec. 9, 2025 /CNW/ - CanadaBis Capital Inc. (TSXV: CANB) (the \"Company\" or \"CanadaBis\") announces that, in support of aligning shareholder interests and strengthening liquidity and maximizing working capital for future growth, the Company proposes to reduce the conversion price of outstanding Convertible Debentures issued in April 2025, and also intends to exercise its right under the terms of its Convertible Debenture indenture agreement dated April 2025 to satisfy the upcoming interest payment due on December 31, 2025 through the issuance of common shares of the Company at the applicable market price, in accordance with the indenture and all applicable TSX Venture Exchange (\"TSXV\") policies. The Company retains the discretion to resume cash interest payments in the future if warranted.\n\n\n\n\n\n\n\nProposed Reduction to Conversion Price\nCanadaBis confirms that it intends to apply to the TSXV for approval to amend the conversion feature of its outstanding Convertible Debentures. The proposed amendment would seek a reduction in the conversion price from $0.10 per Common Share to $0.075 per Common Share. If approved, this amendment will be implemented through a supplemental indenture in accordance with the terms of the existing indenture.\nPayment of Next Installment Convertible Debenture Interest in Common Shares\nThe Company intends to exercise its right under the terms of its Convertible Debenture indenture agreement dated April 2025 to satisfy the upcoming interest payment due on December 31, 2025 through the issuance of common shares of the Company at the applicable market price, in accordance with the indenture and all applicable TSX Venture Exchange (\"TSXV\") policies. The Company retains the discretion to resume cash interest payments in the future if warranted.\nCommon Shares issued in satisfaction of th...