CannapharmaRx, Inc. (OTC PINK: CPMD), a future leader in ultramodern, highly efficient cannabis production facilities announced today that it has extinguished convertible notes on the company. This transaction will avoid potential dilution of the company’s stock and protect shareholder interests.

The notes, with 1800 Diagonal Lending, LLC and Janbella Group, LLC, were paid with cash generated primarily from debt financing from a different lender. The repayment of the notes strengthens the company and provides CannapharmaRx with increased flexibility moving forward to execute its strategy.

“CannapharmaRx is at an exciting operational inflection point. Months of hard work on business development has resulted in multiple multi-year agreements that will lead to strong growth for years to come. Removal of this toxic overhang was a high priority for the company, and we are looking forward to a valuation based on our strong fundamentals moving forward,” commented Dean Medwid, CEO of CannapharmaRx.


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