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Why Partnerships Are Essential In The Cannabis Industry: 'You Can't Do This Alone' Says Expert
Wednesday, October 16, 2024 - 11:12am | 635At the recent Benzinga Cannabis Capital Conference, Michael Villapiano, director at Altmore Capital, emphasized the importance of partnerships in the evolving cannabis industry. As part of a panel discussion at the event, Villapiano highlighted that collaboration between companies is critical for...
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EXCLUSIVE: Cannabis Leaders Stress Quality Presentations As 'Key Determinant' For Securing Funding
Monday, October 14, 2024 - 9:59am | 723The three biggest issues the cannabis industry faces are the federal tax code 280E, lack of access to banking services, and inaccessibility to federal bankruptcy courts, according to Jennifer Maffett-Nickelman, partner at Thompson Hine. She kicked off the discussion on how to create fundraising...
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Cannabis Operator 4Front Ventures Issues Restricted Stock Units Following Credit Facility Announcement
Tuesday, October 24, 2023 - 3:34pm | 565Multi-state cannabis operator and retailer 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) announced the issuance of restricted stock units (RSUs) in connection with its recent $10-million senior secured credit facility agreement. The Phoenix, Arizona-based company will issue 15.9...
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Cannabis MSO Secures $10M Credit Facility To Fund Expansion In This Top Weed Market
Tuesday, October 17, 2023 - 9:07am | 7264Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) has entered into a $10 million senior secured credit facility agreement with ALT Debt II, LP, an affiliate of Altmore Capital. What Happened The funds will be disbursed in two tranches and are committed to building out the company's retail...
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Financing Can Do Wonders For Cannabis – Hear From This VP And Industry Vet
Friday, October 13, 2023 - 9:20am | 96Michael Villapiano, VP at Altmore Capital, was a panelist at Benzinga’s Cannabis Capital Conference on Wednesday, September 27th. Altmore Capital invests in U.S cannabis operators that are licensed in and compliant with state-regulated cannabis programs. Since 2017, the company has invested...
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The Hard Truths And Bright Spots Of Cannabis Lending Realities
Tuesday, October 10, 2023 - 1:46pm | 648The echoes of conversations at the recent Benzinga Cannabis Capital Conference in Chicago still resonate, painting a detailed picture of the industry’s financial narrative. Stalwarts Stephen Lenn, Michael Villapiano, Michael Hennessy, Judy Rinkus and Colin Bass dissected the intricate set of...
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See What The VP Of This Cannabis Finance Firm Said About Debt Financing At the Benzinga Cannabis Capital Conference
Wednesday, April 26, 2023 - 11:51am | 145Michael Villapiano, Vice President at Altmore Capital, was a guest speaker at Benzinga’s Cannabis Capital Conference on April 11, 2023. Altmore Capital is a specialty finance firm that has invested over $300 million in the cannabis industry since 2017. The firm acts as both lender and...
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Be Flexible And Get A Supportive Equity Partner — Altmore Capital Co-Founder Advises Companies At Benzinga Cannabis Capital Conference
Friday, September 23, 2022 - 2:33pm | 422Since 2017, Altmore Capital seems to have been providing that much-needed specialty finance focused exclusively on the U.S. cannabis industry. The company provides flexible financing options to both its plant-touching and ancillary partners. As the global legal cannabis market was valued at $17.8...
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EXCLUSIVE: How Do You Build A Capital Stack In Today's Cannabis Market? Experts Weigh In
Wednesday, September 14, 2022 - 5:02pm | 849Entrepreneurs looking to build a company in the cannabis space often wonder what’s the best strategy for raising capital, and that includes setting up the right capital structure, also known as a capital stack. This structure takes into account all forms of equity and debt invested in...
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Michigan Cannabis Startup NOXX Raises $15M For Operational Growth
Wednesday, August 31, 2022 - 9:10am | 351Michigan-based vertical cannabis company NOXX revealed plans for operational growth supported by a $15 million debt raise from Altmore Capital, a specialty finance firm that invests in the U.S. cannabis industry. The additional financial backing will be used by NOXX to fund capital expenditure and...
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Meet One Of The Financiers Driving Cannabis Growth
Wednesday, April 27, 2022 - 12:29pm | 164This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Steve Ham, managing partner of Altmore Capital, was a guest on a panel at Benzinga’s Cannabis Capital Conference, on Apr 20, 2022. Founded in 2018,...
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Bloom Montana Raises $11M To Scale Business As Cannabis Sales Surge In First Month Of Rec Use
Thursday, March 10, 2022 - 10:01am | 306Vertically integrated cannabis company Bloom Montana has closed an $11 million debt financing with Altmore Capital, a senior debt lender focused on the US cannabis industry. The proceeds will be used to fund the completion of a new cultivation facility, further retail expansion and general business...
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Altmore To Provide Funds For Booming Cannabis Businesses, Closes Its First Cannabis Debt Fund
Thursday, May 20, 2021 - 1:33pm | 223Altmore Capital has closed its first cannabis debt fund providing plant-touching businesses with additional funding options. The Virginia-based company exceeded its expectations by more than 200% with the new fund available to plant-touching businesses that generate over $10 million in...
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Schwazze Raises $34M To Support Purchase Of Star Buds Stores
Tuesday, March 2, 2021 - 12:11pm | 270Schwazze, previously known as Medicine Man Technologies Inc. (OTCQX: SHWZ) has raised $34 million in financing.] The Colorado company completed the latest tranche of preferred equity, bringing its total raise to $56 million. CRW Capital Cann Holding LLC, an affiliate of Dye Capital,...