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News Stories (16 Results) - Cannabis

Needham Bank announced it has closed a cannabis business loan to Bostica, LLC, a premium cannabis cultivator and manufacturer of cannabis products.Bostica will use the financing to complete the construction of their 60,000-square-foot cannabis... Read Story

August 26, 2022, 08:03 AM

Burns & Levinson represented Agrify Corporation, a provider of premium cultivation and extraction solutions for the cannabis and hemp industry, in an up to $135 million debt financing agreement with an institutional lender in a Senior Secured Note... Read Story

March 18, 2022, 07:00 AM

Goodness Growth Holdings, a physician-led, science-focused cannabis company and IP developer, executed a third amendment to its credit facility with its senior secured lender, Chicago Atlantic Admin, LLC (the "agent"), an affiliate of Green Ivy... Read Story

February 02, 2022, 08:00 AM

Tiger Group is selling over 55 million pieces of brand-new hemp CBD wellness products, packaging and related accessories in a major liquidation event. Worth a total of approximately $15 million at cost, the inventory is available for immediate... Read Story

January 24, 2022, 06:00 AM

Decibel Cannabis Company has entered into a commitment letter with Connect First Credit Union Ltd. ("First Calgary") in respect of $30 million of debt capital (the "Committed Amount"). The Committed Amount is comprised of $28.5 million of term debt... Read Story

December 30, 2020, 07:00 AM

Tiger Group will be holding an online auction on Dec. 9 of late-model equipment surplus to the ongoing operations of a leading CBD and cannabis manufacturer.The auction features well-maintained equipment, including: 2017 Agilent lntuvo 9000 Gas... Read Story

December 02, 2020, 09:05 AM

Partner Colorado Credit Union today announced their first lending program for cannabis private banking clients. Sundie Seefried, CEO of Partner Colorado CU and a trailblazer in US cannabis banking, explained, “Now in our sixth year of cannabis... Read Story

July 07, 2020, 08:45 AM

Avicanna Inc., a biopharmaceutical company focused on the development, manufacturing and commercialization of organic and sustainable plant-derived cannabinoid-based products, is pleased to announce that it has entered into a credit facility (the... Read Story

December 27, 2019, 08:52 AM

The Flowr Corporation announced that it has closed its previously announced credit facility from a syndicate of lenders led by ATB Financial and including Farm Credit Canada.The $25 million facilities consist of a $24.5 million recapitalization term... Read Story

November 20, 2019, 09:00 AM

Sundial Growers Inc. announced that it has entered into a syndicated credit agreement with ATB Financial ("ATB") and Bank of Montreal ("BMO") as co-lead arrangers and joint bookrunners (collectively the "Lenders") with ATB as administrative agent and... Read Story

September 03, 2019, 08:00 AM

Trichome Financial Corp. announced that it has entered into a $2.35 million term loan with Good Buds Company International Inc., the parent company of Good Buds Company Inc. ("Good Buds"), a licensed producer under the Cannabis Act. The proceeds of... Read Story

August 28, 2019, 08:45 AM

Organigram Holdings Inc., the parent company of Organigram Inc., a licensed producer of cannabis, announced that it has closed its previously announced credit facility with Bank of Montreal (BMO) as lead arranger and agent as well as a syndicate... Read Story

June 03, 2019, 09:00 AM

Trichome Financial Corp. announced that it has entered into a $2 million financing arrangement with C.G.S. Foods Inc., a licensed Ontario cannabis retailer also known as Ganjika House. Ganjika House was one of only 25 winners of the recent lottery... Read Story

March 18, 2019, 08:00 AM

Sundial Growers Inc. announced that it has entered into a $30 million credit facility with the Bank of Montreal (BMO). The Credit Facility closed on February 22, 2019. The BMO Credit Facility will enable Sundial to finance its European initiatives... Read Story

March 08, 2019, 08:00 AM

Organigram Holdings Inc, the parent company of Organigram Inc , a  licensed producer of cannabis, announced it has secured a loan from Farm Credit Canada in the amount of $10MM, which will be used to finance the expansion of the Company's Moncton... Read Story

December 10, 2018, 09:10 AM

Upper Street Marketing Inc. announced that its wholly owned subsidiary, Growing Springs Holdings Corporation, has entered into a definitive agreement with High Mountain Medz, dba “Levity Wellness,” to provide financing and a number of ancillary... Read Story

November 27, 2018, 07:00 AM