Ann: Cann Group raises A$2m via Convertible Securities Facility, page-41

To prevent themselves from losing more of their investment? The company is in a pretty dire financial situation with crushing debt, even the auditors report for full year FY23 called out a material uncertainty about whether this company will be able to continue as a going concern.

Any investor in this company should accept that there is a possibility that they can lose everything. There is no heads-up given before administrators get called in, just foreshadowing given by those who can actually read financial reports e.g. the auditors and some savvy investors on here.

You should also consider what would make the SP rise from here? The agreement they've recently entered into to raise capital will see more and more shares issued and sold on market putting downward pressure on the SP. Mildura is up and running but hasn't shown the ability to generate margins capable of overcoming the high cost of operating the facility nor servicing debt.