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News Stories (20 Results) - Cannabis

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


Utica Leaseco announced the completion of two transactions totaling $2.2 million during the week of July 12-16.Utica Leaseco and its cannabis industry partner completed a financing of $1,500,000 secured by real estate and equipment to a cannabis... Read Story
July 19, 2021, 07:09 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


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


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


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


Archytas Ventures, an investment holding company that provides strategic capital solutions to the emerging and underfunded cannabis industry, announced the appointment of Brooke Hayes as a Partner and its first COO. The move will see the private... Read Story
July 06, 2018, 07:00 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


GrowGeneration Corp., one of the largest specialty retail hydroponic and organic gardening stores, announced that it has received $10 million from strategic investors, including a $7.5 million investment from Gotham Green Partners (GGP). GGP is a New... Read Story
May 10, 2018, 07:18 AM


A bipartisan group of Senate lawmakers are pushing legislation that would limit potential legal ramifications for banks interested in financing the marijuana industry in states where it is legal. As specified by the bill, a depository institution... Read Story
March 19, 2018, 08:00 AM


EHouse Global, Inc. announced that it has signed a joint venture agreement with Greenlink Financial of Boulder, Colorado. The Company also announced that it has appointed Jonathan Smith as its new Director, President, and CEO. Mr. Smith is also the... Read Story
January 11, 2018, 07:33 AM


Cronos Group Inc. announced that it has entered into a commitment letter for $40 million in debt financing with Romspen Investment Corporation to fund the continued construction of its 315,000 sq. ft. expansion, the “New Peace Facility."Under the... Read Story
August 25, 2017, 07:10 AM