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News Stories (9 Results) - Cannabis

The California Senate voted almost unanimously to pass a bill that would allow banks and credit unions to accept deposits and provide other banking services from cannabis retailers.This bill, which was referred out of committee on May 16, passed the... Read Story

May 23, 2019, 09:00 AM

MedMen Enterprises Inc. announced that, further to its press release dated March 22, 2019, it has entered into definitive agreements in respect of a $250,000,000 secured convertible credit facility with Gotham Green Partners, an investor in the... Read Story

April 24, 2019, 08:50 AM

WeedMD Inc., a federally-licensed producer and distributor of medical-grade cannabis, announced that it has entered into a credit facility with Bank of Montreal (BMO). Under the terms of the credit facility, BMO will provide WeedMD up to $39 million... Read Story

April 01, 2019, 09:05 AM

Emerald Health Therapeutics announced that its 50%-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms Corp. (“Pure Sunfarms”), has entered into a credit agreement with Bank of Montreal (“BMO”) as agent and... Read Story

February 19, 2019, 09:23 AM

The establishment of a public cannabis bank in California would pose too great of a legal and financial risk to the State, according to a new independent report commissioned by the Cannabis Banking Working Group (CBWG), chaired by California State... Read Story

December 28, 2018, 08:49 AM

Chiron Financial, LLC  served as the exclusive investment banker for one of the largest U.S. cannabis businesses in the placement of a $25 million advancing term loan. Based in the western United States, the Company is one of the largest cultivators... Read Story

December 11, 2018, 08:00 AM

Body and Mind Inc. and Australis Capital Inc announced an investment by BaM into Green Light District Holdings, Inc. ("GLDH") by way of a USD $5,200,000 senior secured convertible note at a rate equal to 20% per annum.  The note is convertible into... Read Story

November 30, 2018, 09:00 AM

Aurora Cannabis Inc. announced that it has closed its previously announced debt facility with the Bank of Montreal (BMO). The facility consists of a $150 million term loan and a $50 million revolving credit facility, both of which mature in 2021.... Read Story

September 04, 2018, 07:11 AM

Aurora Cannabis Inc. announced that it has agreed to a new $200 million debt facility, with a potential upsize to $250 million, with the Bank of Montreal (BMO). The facility will consist of a $150 million term loan and a $50 million revolving credit... Read Story

June 27, 2018, 07:31 AM