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Cannabis Rescheduling And Credit Risk: What Industry Insiders Are Saying
Tuesday, October 15, 2024 - 10:25am | 925“Rescheduling will definitely help… but it’s not like Bank of America is going to step into lending to cannabis as soon as rescheduling happens,” said Joseph Lustberg, CEO of Upwise Capital at the recent Benzinga Cannabis Capital Conference in Chicago. As cannabis rescheduling to...
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This Cannabis Lender Is Sitting On A Stack Of Capital: 100% Dividends Meet Equity-Like Returns
Saturday, July 20, 2024 - 12:47pm | 823In a recent webinar hosted by Pablo Zuanic from Zuanic & Associates, AFC Gamma's top executives discussed the company's strategic direction, focusing on the spin-off of its commercial real estate business, the current state of its cannabis loan book, and its competitive positioning in...
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This State Exemplifies Ascend Wellness' Success Despite Cannabis Capital Shortage, CFO Says
Wednesday, July 26, 2023 - 4:44pm | 690"Capital has really dried up across the debt sale-leaseback equity market side of things," said Ascend Wellness Holdings, Inc. (OTC: AAWH) CFO Dan Neville, during his recent appearance at the Benzinga Cannabis Capital Conference in Miami. With capital availability...
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AWH Files Registration Statement On Form S-3 Containing A Base Shelf Prospectus
Wednesday, November 23, 2022 - 10:04am | 418Ascend Wellness Holdings, Inc. (OTCQX: AAWH) (CSE: AAWH.U) filed a registration statement on form S-3 containing a base shelf prospectus with the United States Securities and Exchange Commission on November 22, 2022. The registration statement is expected to become effective following review by the...
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Ascend Wellness Closes On $28.5M Of The Remaining Funding Under Its Existing Credit Facility
Friday, July 1, 2022 - 8:48am | 463Ascend Wellness Holdings, Inc. (CSE:AAWH.U) (OTCQX: AAWH) has closed on $28.5 million of the remaining additional funding under the accordion feature of its existing term loan credit facility. The company drew initial funding of $210 million in August 2021 and subsequently closed on a $36.5 million...
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Ascend Wellness Secures $36.5M In Additional Funding, Will Expand PA Assets And Acquisition Of MedMen NY
Thursday, May 19, 2022 - 8:36am | 296Ascend Wellness Holdings, Inc. (OTCQX: AAWH) (CSE:AAWH.U) has closed on $36.5 million of additional funding under the increase option of its existing term loan credit facility. In August 2021, the company announced it had closed on a $210 million senior secured term loan credit facility with...
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AWH Promotes Frank Perullo To President
Monday, February 14, 2022 - 9:36am | 218Vertically integrated cannabis operator Ascend Wellness Holdings, Inc. (CSE:AAWH.U) (OTCQX: AAWH) announced that it has promoted the company's co-founder and chief strategy officer, Frank Perullo, to president of AWH. Perullo will be responsible for AWH's day-to-day operations, with the...