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News Stories (44 Results) - Cannabis

AFC Gamma provided a senior secured credit facility of up to $82.5 million to Bloom Medicinals Holding Company and certain of its affiliates (“Bloom”), a privately held multi-state cannabis operator with licenses in Missouri, New Jersey and Ohio.... Read Story

April 22, 2022, 07:40 AM

Chicago Atlantic Real Estate Finance led a $30 million senior secured credit facility to a private, vertically integrated, single-state cannabis operator in Florida. At closing, Chicago Atlantic funded $17.5 million of its total $22.5 million... Read Story

March 16, 2022, 08:00 AM

Flower One Holdings, the leading cannabis cultivator and producer in Nevada, announced a term loan financing with an existing shareholder for aggregate proceeds of $10.1M USD (the “Term Loan”). In addition, the Company has made further advancements... Read Story

February 14, 2022, 07:00 AM

Chicago Atlantic Real Estate Finance acted as sole lender on a new senior secured credit facility for MEDfarms LLC, a vertically integrated operator in Michigan.“We are extremely excited to support Brandon and MEDfarms, provide accretive capital to... Read Story

January 04, 2022, 07:00 AM

Entourage Health Corp. (formerly WeedMD Inc.), a Canadian producer and distributor of award-winning cannabis products and brands, amended its existing credit facility with an affiliate of the LiUNA Pension Fund of Central and Eastern Canada (“LPF”)... Read Story

December 28, 2021, 07:00 AM

WhiteHawk Capital Partners, a private credit investment manager, entered into an agreement with Glass House Brands, Inc. to provide a $100 million senior term loan facility. The facility will support the construction and retrofit program of Glass... Read Story

December 22, 2021, 07:50 AM

Acreage Holdings, a vertically integrated, multi-state operator of cannabis ‎cultivation and retail facilities in the U.S., has secured a $150 million credit facility with AFC Gamma and Viridescent Realty Trust. Under the terms of the Credit Facility... Read Story

December 17, 2021, 07:46 AM

Cannara Biotech, a vertically integrated producer of premium-grade cannabis and derivative products with two mega cultivation facilities based in Québec spanning over 1,650,000 sq. ft., announced the refinancing and upsizing of its current bank... Read Story

December 02, 2021, 07:50 AM

Gage Growth Corp., a leading high-quality premium cannabis brand and operator in Michigan, closed on a senior secured term loan for aggregate gross proceeds of US$55 million (the "Offering"). Gage intends to use the proceeds (i) to finance the... Read Story

November 23, 2021, 07:55 AM

Jushi Holdings, a vertically integrated, multi-state cannabis operator, announced that it has entered into definitive documentation in respect of a $100 million Senior Secured Credit Facility from a portfolio company of SunStream Bancorp Inc.... Read Story

October 22, 2021, 07:09 AM

Verano Holdings, a leading multi-state cannabis company, entered into an amendment to its existing credit agreement for additional funding of US$120 million with an 18-month maturity. The amendment brings the total outstanding senior secured term... Read Story

October 21, 2021, 07:35 AM

High Tide, a leading retail-focused cannabis company with bricks and mortar as well as global e-commerce assets, entered into a credit agreement to establish a revolving credit facility with ATB Financial ("ATB") in an amount of up to C$25 million or... Read Story

October 18, 2021, 07:06 AM

Alternative Finance Network (AFN), an independent financing network serving cannabis and hemp companies in the U.S. and Canada, is bringing new Merger & Acquisition (M&A) financing options to cannabis companies as the M&A market continues to soar in... Read Story

October 13, 2021, 07:26 AM

AFC Gamma expanded its senior credit facility by $53.4 million, to $75.4 million in total commitments to Justice Cannabis Co., a Chicago-based multi-state operator with licenses in eight states. The credit facility expansion is designed to provide... Read Story

October 05, 2021, 07:50 AM

XS Financial, a specialty finance company providing equipment leasing solutions to cannabis companies in the United States, announced that a newly formed wholly-owned subsidiary, incorporated as a special purpose vehicle for the purpose of funding... Read Story

September 29, 2021, 07:34 AM

AFC Gamma expanded its senior credit facility by $30 million to Devi Holdings Inc., doing business as Nature’s Medicines, a multi-state operator headquartered in Phoenix, Arizona. The credit facility is designed to provide Nature’s Medicines with... Read Story

September 15, 2021, 07:40 AM

AFC Gamma provided a credit facility of $23 million to BeLeaf Medical (“BeLeaf”), a single-state Missouri operator. The credit facility is designed to provide BeLeaf with the capital necessary to expand its three Missouri cultivation facilities in... Read Story

September 01, 2021, 07:52 AM

Ascend Wellness Holdings, a vertically integrated cannabis operator, closed on a $210 million Senior Secured Term Loan with Seaport Global Securities as lead manager. AWH intends to use the proceeds to (i) repay substantially all of the Company's... Read Story

August 30, 2021, 08:08 AM

AFC Gamma provided a credit facility of $19.75 million to DMA Holdings MA, LLC (“DMA”), a single-state Massachusetts operator. The credit facility is designed to provide DMA with the capital necessary to purchase and expand its Tier 6 cultivation... Read Story

August 26, 2021, 07:42 AM

Green Ivy Capital, an affiliate of Chicago Atlantic Advisers, funded a new $10 million senior secured term loan facility for Silverpeak Holdings, LLC, a vertically integrated operator in Colorado. The Term Loan will provide Silverpeak capital to... Read Story

August 05, 2021, 07:00 AM

Alternative Finance Network (AFN), an independent financing network serving cannabis and hemp companies in the United States and Canada, arranged a $10 million revolving credit facility for Jupiter Research, LLC ("Jupiter"), a subsidiary of TILT... Read Story

August 03, 2021, 07:24 AM

TILT Holdings, a global provider of cannabis business solutions that include inhalation technologies, cultivation, manufacturing, processing, brand development and retail, announced that its subsidiary, Jupiter Research, has entered into a new... Read Story

July 23, 2021, 07:30 AM

Altmore Capital announced that it has closed its first cannabis debt fund exceeding its goal by over 200 percent. The new fund is available to plant-touching businesses with more than $10 million in revenue. To date, Altmore Capital has invested in... Read Story

May 21, 2021, 08:04 AM

Verano Holdings, a leading multi-state cannabis company, announced it has entered into an Amended and Restated Credit Agreement for a senior secured term loan of US$130 million. Chicago Atlantic Advisers, LLC (“Chicago Atlantic”) will act as the... Read Story

May 12, 2021, 07:58 AM

AFC Gamma provided a credit facility of $22 million to Justice Cannabis Co., a Chicago-based multi-state operator with licenses in eight states. The credit facility is designed to provide Justice Cannabis Co. with the capital necessary to purchase... Read Story

May 07, 2021, 08:08 AM

AFC Gamma provided a credit facility of $13 million to a Missouri medical cannabis operator. The credit facility is designed to provide capital to allow the Borrower to build out its cultivation and dispensary operations in the state of... Read Story

April 30, 2021, 07:20 AM

Heritage Cannabis Holdings entered into an 18 month non-revolving loan agreement with BJK Holdings Ltd. in the amount of $7.0 million. Pursuant to the Loan Agreement, BJK advanced the Company $7.0 million on April 1, 2021.The Loan is payable in full... Read Story

April 02, 2021, 07:00 AM

Canopy Growth Corporation entered into a credit agreement with Funds advised by King Street Capital Management, L.P. Under the Credit Agreement, the Company has raised a US$750 million senior secured term loan. The Company also has the ability to... Read Story

March 18, 2021, 07:15 AM

Curaleaf Holdings, a leading U.S. provider of consumer products in cannabis, successfully completed a new $50 million, three-year secured revolving credit facility. The net proceeds from borrowings under the credit agreement are expected to be used... Read Story

January 14, 2021, 06:00 AM

The cannabis industry has the caught the attention of many as growth in the industry is expected in the years to come, according to an assessment of industry deals by FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and... Read Story

December 28, 2020, 09:10 AM

AFC Management, LLC announced that an affiliate, AFC Gamma, Inc. ("AFC"), has funded a $22 million credit facility for Organic Remedies, Inc. ("Organic Remedies" or the "Company").  The credit facility is designed to provide capital to complete the... Read Story

November 11, 2020, 08:55 AM

Canopy Rivers Inc. announced that PharmHouse Inc., its 49%-owned joint venture in Leamington, Ontario, amended its syndicated credit facility ("Credit Facility") with the Bank of Montreal ("BMO"), as the agent and lead lender, and the Canadian... Read Story

April 16, 2020, 09:10 AM

The Green Organic Dutchman Holdings Ltd., a leading producer of premium certified organic cannabis, is pleased to announce that the Company has entered into a binding term sheet with Maynbridge Capital Inc. (the “Lender”), subject to satisfactory... Read Story

December 27, 2019, 08:45 AM

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... Read Story

August 22, 2019, 09:00 AM

The proposed merger between Calif.-based Summit Bancshares Inc. and Faciam Holdings Inc. could compel the FDIC to take a harder stance against financial institutions that do business with the budding recreational pot sector, according to a report... Read Story

July 19, 2019, 09:00 AM

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