Tag : Financing

CCT Impact

Xebra Closes Oversubscribed Financing

CCT IMPACT Agent
Xebra Brands Ltd. (“Xebra”) (CSE: XBRA) (OTCQB: XBRAF) (FSE: 9YC), a cannabis company, is pleased to announce that it has closed its non-brokered private placement (the “Private Placement”) previously announced on February 25, 2022.  The private placement was oversubscribed by 50%. The Private Placement raised gross proceeds of C$1,800,000 through the issuance of 15,000,000 units at......
CCT Impact

CannTrust Completes CAD $17 million Financing, Exits CCAA

CCT IMPACT Agent
CannTrust Holdings Inc. (the “Company”) (unlisted) today announced that its subsidiary, CannTrust Equity Inc. (“CannTrust Equity”), has completed its previously announced financing for aggregate cash proceeds of approximately CAD $17 million, as approved by the Ontario Superior Court on February 25, 2022 (the “Financing”). A group of investors led by Marshall Fields International......
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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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Trait Biosciences Advances Innovative Water-Soluble Cannabinoid Technology, Delivering Key Milestones in Series A Financing and Appoints Dr. Hanny Kanafani as Vice President

CCT IMPACT Agent
Trait Biosciences Inc., a leading cannabinoid biotechnology research organization, announced that it has successfully completed key scientific studies and operational milestones associated with its Series A Financing, and said that Dr. Hanny Kanafani has been appointed to the newly created position of Vice President of Science Technology. These accomplishments reflect Trait’s continued......
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Ascend Wellness Holdings Announces US$210 Million Senior Debt Financing

CCT IMPACT Agent
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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Prima Closes $9.2 Million Seed Plus Financing to Accelerate Growth as Top Player in Plant Therapeutics and Cannabinoid Sciences

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 The Uplifters’ Prima, PBC (“Prima“) the award-winning, purpose-driven brand focused on efficacy-driven and science-backed plant therapeutics and cannabinoids, today announced the close of a $9.2 million Seed Plus financing led by leading institutional venture firms Greycroft, H Ventures, Defy, and Lerer Hippeau, with notable participation from Adam Zeplain (mark vc), Global Founders Capital, Emerald Health, One Gun, and Purple Arch Ventures. Prima......
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Smell proof Stash Bag Container Box Case for Weed Brand, Blackbox Goods, Announces Financing Program

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Blackbox Goods by Kulbi is excited to announce its recently launched product, The Vault, which is now Sezzle verified. Customers can purchase the smell proof stash bag with Sezzle’s “Buy Now and Pay Later” finance program, where they can buy Blackbox Goods products under a convenient four-payment, interest-free plan. The......
CCT Impact

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 Second Closing of Private Placement to Complete $17.1 Million Equity Financing

CCT IMPACT Agent
Cansortium Inc. (“Cansortium” or the “Company”) (CSE: TIUM.U), (OTCQB: CNTMF), today announced the second and final closing of its previously announced private placement of units (“Units“) at a purchase price of US$0.70 per Unit (the “Private Placement”). The second closing was approximately US$5.2 million, bringing the total Private Placement investment to US$17.1 million.  Each Unit consists......
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Novel Financing Platform Lendica Announces Suite Of Partnerships To Help Cannabis Businesses Scale

CCT IMPACT Agent
Lendica, the first automated financing platform serving the cannabis, hemp, CBD and other high growth industries, has announced a suite of partnerships to help these businesses instantly access capital. Dispensaries, brands, cultivators and beyond can seamlessly connect data from their business to Lendica’s proprietary application center and receive an offer within minutes.......