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Cannabis Grower Receives $500K Loan From Safe Harbor For Energy-Saving Improvements
Wednesday, December 4, 2024 - 9:35am | 524SHF Holdings, Inc. (NASDAQ:SHFS), doing business as Safe Harbor Financial, announced on Wednesday the closing of a $500,000 loan to PI 51st Avenue, LLC, a subsidiary of Pioneer Interests, Inc, doing business as Natty Rems, LLC. This loan is offered under the Cannabis Resource Optimization Program (...
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Cannabis Co. Cansortium Refinances Debt With $96.5M Loan Ahead Of Major Merger And Next Phase Of Growth
Wednesday, November 27, 2024 - 10:42am | 664Cansortium Inc. (CSE:TIUM) (OTCQB:CNTMF) announced on Tuesday that it has secured a new senior secured credit agreement of up to $96.5 million with Chicago Atlantic Admin, LLC, as an administrative agent for certain lenders. The Tampa, Florida-based vertically integrated cannabis company operating...
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Jushi Cuts $53M Debt With New $48M Loan, Now Holds Less Than $1M In Short-Term Debt
Thursday, August 1, 2024 - 1:48pm | 636Vertically integrated cannabis company Jushi Holdings Inc. (CSE:USH) (OTCQX:JUSHF) refinanced its existing $53 million loan due December 31, 2024, by issuing a new $48.5 million senior secured term loan and using around $7.4 million in cash. The new loan carries an interest rate of 12.25% per year...
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Ascend Wellness Cannabis Co. Closes $235M Private Placement Of Senior Secured Notes, Refinances Existing Term Loan
Thursday, July 18, 2024 - 9:54am | 565New York-headquartered cannabis company Ascend Wellness Holdings, Inc. (CSE:AAWH) (OTCQX:AAWH) said on Thursday that it has closed its previously announced private placement of $235 million of 12.75% senior secured notes due 2029. What Happened The company said in a press release the notes were...
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Marijuana Giant Trulieve Boosts Cash Position With $25M Loan, Opens Cannabis Stores In Florida
Wednesday, December 27, 2023 - 10:59am | 557Medical cannabis giant Trulieve Cannabis Corp. (CSE:TRUL) (OTCQX:TCNNF) has closed its commercial loan secured by a cultivation site in Florida for aggregate gross proceeds of $25 million, which it plans to use for general corporate purposes. Trulieve reported on Wednesday that it agreed to pay...