U.S. and Canadian marijuana operator TerrAscend borrowed $120 million from a syndicate of lenders to help finance earn-out payments related to its acquisition of Ilera Healthcare in Pennsylvania. The financing, announced Dec. 18, is senior secured debt…
Debt financing
Marijuana MSO Cresco Labs doubles loan size to $200 million
Multistate marijuana operator Cresco Labs has extended the maturity of a senior secured loan and boosted the size of the debt funding to the maximum $200 million. The Chicago-based company secured an initial $100 million loan from a syndicate of lender…
Cannabis company Acreage repays 60% interest loan
How much is a New Jersey medical marijuana license worth, with the potential of leveraging that into an adult-use permit in the near future? For New York-based marijuana multistate operator Acreage Holdings, it was worth paying $3 million in interest f…
Cannabis MSO Acreage raises $33M, partly to pay off higher-interest debt
Multistate marijuana operator Acreage Holdings said it raised $33 million in debt, a development that shows an easing of a credit crunch facing the company. The three-year loan with an unidentified institutional lender is unsecured and at a 7.5% annual…