Tag : Debt

CCT Impact

Decibel Announces $54 Million Debt Refinancing with connectFirst, Increasing its Access to Debt by $20 Million

CCT IMPACT Agent
Decibel Cannabis Company Inc. (the “Company” or “Decibel“) (TSXV: DB) (OTCQB: DBCCF), a premium cannabis producer, is pleased to announce that it has entered into an amended and restated commitment letter with connectFirst Credit Union Ltd. (“connectFirst“) in respect of $54 million of debt capital (the “Committed Amount“) over an initial 5-year term.......
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Feuerstein Kulick Represents The Greenrose Holding Company Inc. on Regulatory Issues and Debt Financing for Purchase of True Harvest, LLC

CCT IMPACT Agent
The Greenrose Holding Company Inc. (“Greenrose” or the “Company”) announced that it closed its previously announced acquisition of the assets of Arizona-based True Harvest, LLC. Under the terms of the acquisition, Greenrose paid consideration of $57.6 million at close, consisting of $12.5 million in cash, $23.0 million in the form of a convertible note, $4.6 million in assumed debt,......
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Ascend Wellness Holdings Announces US$210 Million Senior Debt Financing

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Ascend Wellness Holdings, Inc. (“AWH” or the “Company”) (CSE: AAWH.U) (OTCQX: AAWH), a leading multi-state, vertically integrated cannabis operator, today announced it has closed on a US$210 million Senior Secured Term Loan (the “Term Loan”) with Seaport Global Securities LLC as lead manager. AWH intends to use the proceeds to (i) repay substantially all......
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Cansortium Completes $71 Million Debt Financing

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Cansortium Inc. (“Cansortium” or the “Company”) (CSE: TIUM.U), (OTCQB: CNTMF), a vertically-integrated cannabis company operating under the Fluent™ brand, today announced it has closed a US$71 million Senior Secured Term Loan due April 29, 2025 (the “Term Loan”) with a syndicate led by U.S.-based institutional lenders. The Term Loan will bear interest of 13% annually,......
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Cansortium Announces Shares for Debt Settlement and Issuance of Stock Options

CCT IMPACT Agent
Cansortium Inc. (CSE : TIUM.U) (OTCQB : CNTMF) (“Cansortium” or the “Company“), a vertically integrated cannabis company with operations in Florida, Texas, Michigan and Pennsylvania, announces that it has agreed with certain of its directors and officers to issue an aggregate of 1,286,110 common shares (“Debt Shares“) to such directors and officers in exchange for the......
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Decibel Announces Closing of Non-Dilutive $30 Million Debt Financing

CCT IMPACT Agent
Decibel Cannabis Company Inc. (the “Company” or “Decibel”) (TSXV: DB) (OTCQB: DBCCF), is pleased to announce that on December 31, 2020 it closed its previously announced financing with Connect First Credit Union Ltd. in respect of $30 million of debt capital. Financing Highlights Total Capital & Extended Maturity: The credit facilities includes $28.5 million of term debt and......
CCT Impact

Decibel Announces Non-Dilutive $30 Million Debt Financing from Connect First Credit Union

CCT IMPACT Agent
Decibel Cannabis Company Inc. (the “Company” or “Decibel”) (TSXV: DB) (OTCQB: DBCCF), is pleased to announce that it has entered into a commitment letter with Connect First Credit Union Ltd. (“First Calgary“) in respect of $30 million of debt capital (the “Committed Amount“). The Committed Amount is comprised of $28.5 million of term debt (the “Term......
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Canopy Growth and TerrAscend’s Arise Bioscience Enter Debt Financing Agreement

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Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC) and Arise Bioscience Inc. (“Arise”), a wholly owned subsidiary of TerrAscend Corp. (“TerrAscend”) (CSE: TER) (OTCQX: TRSSF) engaged only in the legal sale of CBD products, today announced they have entered into a loan financing arrangement in the amount of US$20......
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C21 Announces 3-Year Term Extension for CEO, and Debt Repayment Deferral

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C21 Investments Inc. (the “Company”) (CSE: CXXI) and (OTCQB: CXXIF) today announced the following (currency in US Dollars): CEO, Sonny Newman, extends for a 3-year term Debt Deferral Arrangement and Fernley Lease Extension Record Revenue Run Rate in June at Nevada Dispensaries CEO 3-Year Term Extension, Debt Deferral, and Fernley Lease Extension:......