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Trulieve Borrows Additional $75M Via Private Placement Of 8% Senior Secured Notes
Friday, January 28, 2022 - 11:28am | 377Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) confirmed Friday that it has completed the second tranche of its previously announced private placement of 8% senior secured notes due 2026 for total gross proceeds of $75 million. Combined with the first offering of notes, which closed on...
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Curaleaf Borrows $425M For Five Years To Refinance Existing Debt
Tuesday, December 14, 2021 - 9:29am | 502Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) reported Monday that it has obtained commitments for a private placement of 8.0% senior secured notes due 2026 for total gross proceeds of $425 million. "We are pleased to announce what we believe is the largest debt financing of any publicly-...
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Gage Growth Borrows $55 Million To Support Acquisitions Across Michigan
Monday, November 22, 2021 - 12:28pm | 529Michigan-based cannabis operator Gage Growth Corp. (CSE: GAGE) (OTCQX: GAEGF) confirmed Monday that it has closed on a senior secured term loan for aggregate gross proceeds of $55 million. The company highlighted its plans to use the proceeds to (i) finance its retail acquisition...
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Trulieve Completes $350M Private Placement To Repay Harvest Health's Debt
Wednesday, October 6, 2021 - 11:22am | 360Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) reported Wednesday it has completed its previously announced private placement of 8% senior secured notes due 2026 for aggregate gross proceeds of $350 million. The notes, issued at 100% of face value, are senior secured obligations of...
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WeedMD To Rebrand And Become Entourage Health Corp As Part Of Its 'Evolution'
Tuesday, July 6, 2021 - 9:22am | 614Cannabis producer WeedMD Inc. (TSX-V: WMD) (OTCQX: WDDMF) will change its corporate name to Entourage Health Corp. in the coming months. On Monday, the Toronto-based company posted the results of its special June 30 shareholders meeting in which the name change was approved...
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KushCo, Greenlane To Merge In All-Stock Deal, Creating 'Innovative Supplier Of Cannabis Ancillary Products'
Wednesday, March 31, 2021 - 10:55am | 578Shares of cannabis-focused ancillary products and services providers KushCo Holdings, Inc. (OTCQX: KSHB) and Greenlane Holdings, Inc. (NASDAQ: GNLN) are trading up by double-digits on Wednesday morning after the companies confirmed they will be merging. What Happened Under the agreement...
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Flowr Raises $15.9M Via Bought Deal Offering Lead By Cantor Fitzgerald Canada
Tuesday, March 16, 2021 - 1:19pm | 228Cannabis company The Flowr Corp. (PINK: FLWPF) raised a total of $15.9 million by selling units. Under the bought deal offering, the Toronto-based company issued 31.13 million units with a price of 51 cents per unit. Cantor Fitzgerald Canada Corp. was the only bookrunner and the lead...
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Verano Raises CA$100M Selling Warrants Co-Led By Beacon Securities, Canaccord Genuity
Thursday, March 11, 2021 - 2:39pm | 196Verano Holdings Corp. (CSE: VRNO) raised CA$100.04 million ($79.65 million) via a bought deal private offering. Vertically-integrated cannabis company finalized the offering of special warrants, which was co-led by Beacon Securities Limited and Canaccord Genuity Corp. on behalf of a group of...
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Cannabis-Focused SPAC Choice Consolidation Goes Public On NEO, Raises $150M
Friday, February 19, 2021 - 3:02pm | 302Cannabis-oriented SPAC Choice Consolidation Corp. (NEO: CDXX.UN.U) raised $150 million in its initial public offering. Choice confirmed it has closed its IPO of 15 million class A restricted voting units at a price of $10 per unit, for total proceeds of $150 million. The Chicago-based...
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Columbia Care Secures Over CA$25M in Funding Via Another Deal With Canaccord
Thursday, February 11, 2021 - 11:47am | 241Columbia Care Inc. (NEO: CCHW) (OTCQX: CCHWF) is poised to raise some CA$25.2 million ($19.8 million) in funding via a bought deal private placement deal. Under the agreement, the New York cannabis company agreed to sell some 2.8 million of its common shares to Canaccord Genuity Corp. at CA$9 ($7.1...
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'Psyched': Silo Wellness To Go Public, MindMed Adds DMT To Research Portfolio, Champignon Closes $11M Raise, Mydecine Launches New Research Partnership
Saturday, June 20, 2020 - 3:47pm | 1123Psyched is a bi-monthly column covering the most important developments in the industry of medicinal psychedelics. We hope you follow us periodically as we report on the growth of this exciting new industry. Silo Wellness To Go Public With Reverse Takeover Of Yukoterre Resources Oregon-...