Tag : Financing

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

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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

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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.......
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Xebra Announces $5 Million Private Placement Financing

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Xebra Brands Ltd. (“Xebra”) is pleased to announce a non-brokered private placement (the “Private Placement”) for gross proceeds of up to CAD$5 million. ABOUT XEBRA: Xebra is a cannabis cultivation and products company, with global brands and intellectual property. Our products focus includes beverages, wellness and leisure. Xebra is expecting a decision by......
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Aurora Cannabis Closes Previously Announced Bought Deal Financing Over-Allotment Option Exercised in Full

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Aurora Cannabis Inc. (the “Company” or “Aurora”) (NYSE: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, announced today the closing of its previously announced bought deal public offering (the “Offering”) of units of the Company (the “Units”) for total gross proceeds of US$137,940,000. The Company sold 13,200,000 Units......
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Aurora Cannabis Inc. Announces US$125 Million Bought Deal Financing

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Aurora Cannabis Inc. (“Aurora” or the “Company”) (NYSE: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, today has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and ATB Capital Markets, under which the underwriters have agreed......
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Decibel Announces Closing of Non-Dilutive $30 Million Debt Financing

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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......