Red-Syndicate Finance recently executed a $21.9MM facility in senior secured financing to Dynamic Farms. Dynamic Farms is a fully integrated cannabis operator that oversees a cultivation farm in New Jersey, as well as operates three full-service...
Read Story
April 17, 2024, 07:00 AM
|
Chicago Atlantic deployed a $20 million facility in senior secured financing to Nova Farms, a fully integrated cannabis operator managing a Massachusetts cultivation farm, seven retail brands, and five full-service dispensaries across Massachusetts...
Read Story
April 09, 2024, 08:00 AM
|
AFC Gamma provided a total of $34.0 million in debt capital across two senior secured credit facilities to High End Holdings, LLC and Green Sentry Holdings, LLC d/b/a Sunburn Cannabis (“Sunburn”), a private, vertically integrated, single-state...
Read Story
March 29, 2024, 07:39 AM
|
First Citizens Bank announced that its Cannabis Banking business provided a $1 million working capital line of credit to MC Nutraceuticals, one of the largest global suppliers of hemp-derived cannabinoids. Founded in 2019, MC Nutraceuticals uses...
Read Story
March 06, 2024, 07:22 AM
|
Trulieve Cannabis closed a commercial loan secured by a cultivation site in Florida for aggregate gross proceeds of $25 million. Trulieve will pay interest at a fixed rate of 8.31 percent for the duration of the five-year loan. Lenders were comprised...
Read Story
December 28, 2023, 07:50 AM
|
4Front Ventures, a vertically integrated, multi-state cannabis operator and retailer, entered into a $10 million senior secured credit facility agreement with ALT Debt II, LP (the "Lender"), an affiliate of Altmore Capital. The funds will be...
Read Story
October 23, 2023, 08:00 AM
|
Andrew J. Kaye, a Founding Executive and Chief Commercial Officer of Sweet Leaf Madison Capital (SLMC), has been named an honoree in Green Market Report’s inaugural Notable Leaders in Cannabis designation for 2023. Honorees were selected by a panel...
Read Story
September 27, 2023, 05:00 AM
|
CohnReznick announced that Michael Harlow has been named Leader of CohnReznick’s Cannabis Industry practice. This expands Harlow’s leadership role within the firm as he continues to serve as Co-Practice Director – DC-Metro Tax.Harlow advises clients...
Read Story
September 22, 2023, 08:00 AM
|
Entourage Health Corp., a Canadian producer and distributor of award-winning cannabis products, announced that the Company has partially repaid its senior secured credit facility with Bank of Montreal ("BMO") from the net proceeds of the sale of its...
Read Story
June 20, 2023, 07:00 AM
|
Sweet Leaf Madison Capital (SLMC), a nationwide provider of tailored debt financing solutions in real estate, equipment and senior secured working capital for the compliant middle-market cannabis industry, announced the closing of a new $100 million...
Read Story
March 31, 2023, 07:16 AM
|
Sweet Leaf Madison Capital (SLMC), a nationwide provider of customized debt solutions for the middle-market cannabis industry, added GrowersHouse, a cultivation equipment supplier, and CannaCribs Horticulture Consulting, their design and consulting...
Read Story
February 13, 2023, 06:00 AM
|
MariMed, a leading multi-state cannabis operator, closed a $35 million secured credit facility with Chicago Atlantic Advisors, LLC (“Chicago Atlantic”) as the lead lender. Chicago Atlantic acted as Lead Arranger with Silver Spike Investment Corp. for...
Read Story
January 25, 2023, 07:26 AM
|
Verano Holdings Corp., a leading multi-state cannabis company, entered into a credit agreement to refinance its existing $350 million credit facility, extending the maturity date to October 30, 2026. The refinanced indebtedness bears interest at a...
Read Story
October 28, 2022, 07:27 AM
|
High Tide, a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, closed a $19 million senior secured credit facility with connectFirst Credit Union Ltd. ("connectFirst"), with an initial 5-year term, at...
Read Story
September 19, 2022, 07:50 AM
|
XS Financial, a specialty finance company providing CAPEX and equipment financing solutions to cannabis companies in the United States, announced that it has entered into a new $24 million line of credit with Needham Bank committing $20 million and...
Read Story
August 19, 2022, 07:35 AM
|
Australis Capital (AUDACIOUS) announced that the Company has entered into a credit facility with Lola Ventures ("Lola"), an entity controlled by Company CEO Terry Booth.The facility will make up to $2.5 million available to the Company, earmarked for...
Read Story
August 01, 2022, 07:45 AM
|
Iron Horse Credit (“IHC”), closed a $2,000,000 stand-alone inventory revolving line of credit to a CBD wellness retailer. The company’s online presence has been rapidly growing since 2017 and most recently, embarking on wholesale distribution. ...
Read Story
July 19, 2022, 07:17 AM
|
Entourage Health, a Canadian producer and distributor of cannabis products, amended its existing senior secured credit facility entered into on March 29, 2019 between the Company and Bank of Montreal, and its existing second secured credit facility...
Read Story
July 05, 2022, 07:21 AM
|
Flower One Holdings Inc., a cannabis cultivator and producer in Nevada, announced its advancements with its ongoing restructuring, including the restructuring of its term debt and to its master lease. “This debt restructuring is a major step in our...
Read Story
July 05, 2022, 06:00 AM
|
Pelorus Equity Group, a provider of commercial real estate loans for the cannabis sector, closed an $11.8 million financing with Juva Life Inc., a life science company with pharmaceutical research and development and consumer-facing operations in...
Read Story
June 21, 2022, 07:16 AM
|
Cannara Biotech, a vertically integrated producer of premium-grade cannabis and derivative products with two mega facilities based in Quebec spanning over 1,650,000 sq. ft., closed on a $50 million credit facility led by BMO Commercial Banking. The...
Read Story
June 02, 2022, 07:53 AM
|
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
|
West Town Bank & Trust announced the launch of its dedicated cannabis banking program. The program provides the cannabis industry with secure, convenient, and modern financial tools, enabling businesses to operate more efficiently and reduce the...
Read Story
April 21, 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
|
AFC Gamma expanded its senior credit facilities with three different borrowers: Verano Holdings Corp., a leading multi-state operator with active operations in 12 states, including 12 production facilities; Devi Holdings Inc., doing business as...
Read Story
March 08, 2022, 07:30 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 funded $10 million as the initial advance of a new $25 million senior secured credit facility to Sanctuary Medicinals LLC ("Sanctuary") to support their retail and cultivation expansion in Florida.Headquartered in...
Read Story
January 28, 2022, 07:30 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
|
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
|