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Monroe Capital Provides $50MM Credit Facility to KushCo Holdings

August 22, 2019, 09:00 AM
Filed Under: Cannabis

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on a $50 million senior secured revolving credit facility to support working capital, organic growth and potential acquisitions for KushCo Holdings, Inc.

Founded in 2001 and based in Garden Grove, California, the Company is the premier producer of ancillary products and services to the cannabis and hemp industries. The Company subsidiaries and brands provide, product quality, exceptional customer service, compliance knowledge and a local presence in serving its diverse customer base. The Company has now sold more than 1 billion units to growers, processors and producers across North America, South America, and Europe. While the Company provides products and solutions to customers in the cannabis and CBD industries, it has no direct involvement with the cannabis plant or any products that contain THC or CBD.

“We’re excited to enter this high-growth industry with the Company,” commented Ted Koenig, President & CEO of Monroe. “They are a best in class business in a unique position to take advantage of opportunities in this emerging business sector and we look forward to supporting their continued growth and capital needs.” 

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