cannabis debt

Cansortium 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...

TILT Holdings (OTC:TLLTF) is at a critical juncture as it explores divesting its plant-touching business (PTB), which generates 75% of its revenue but continues to struggle with declining margins. Massachusetts operations, contributing two-thirds of revenue, are under pressure from market...

It's no secret that cannabis companies are facing some formidable challenges when it comes to raising capital, thanks to marijuana’s onerous classification as a Schedule I controlled substance under federal law. But now with potential changes on the horizon, such as cannabis rescheduling and...

A recent analysis of 14 multi-state cannabis operators (MSOs) looks at how the potential removal of 280E in 2025 could impact their cash flows. Section 280E of the U.S. tax code, which prevents cannabis companies from deducting normal business expenses due to federal prohibition, has long been a...

For the first time in three years, capital raises in the cannabis sector increased, according to Frank Colombo, managing director of data analytics and investment banking at Viridian Capital Advisors. Colombo provided an overview of capital raising trends in the space on Tuesday at the Benzinga...

Credit scores might help add density to the somewhat depleted financial landscape of the cannabis industry, which has long struggled with access to traditional financial services as banks remain hesitant to offer loans, lines of credit or other support. With the launch of CTrust's Cannabis Trust...

Vertically 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...

SNDL Inc. (NASDAQ:SNDL) said on Friday that it has entered into a purchase agreement with cannabis edibles producer Indiva Limited (OTC:NDVAF) and its subsidiaries. What Happened Under the deal SNDL offered to buy all of the issued and outstanding shares of Indiva and the business and assets of the...

The Cannabist Company Holdings Inc. (OTCQX:CBSTF) (FSE: 3LP) announced Friday that it intends to complete a private placement of up to $19.5 million aggregate principal amount of 9% senior secured convertible debentures due 2027. The company said in a press release that it has received binding...

Aurora Cannabis Inc. (NASDAQ:ACB) (TSX:ACB) announced on Thursday that it has repaid an aggregate of approximately CA$$7.2 million ($5.3 million), representing the final payment on the principal amount of its convertible senior notes at a total cash cost of CA$7.4 million, including accrued...

Pervasip Corp. (OTCPK: PVSP) is restructuring its cannabis operations to convert about $15 million in debt into 15% of a newly formed subsidiary. What Happened: The move represents a preliminary step in the company’s plan to separate the new subsidiary into an independent public entity,...

Cannabis retailer High Tide Inc. (NASDAQ: HITI) (TSXV: HITI) (FSE: 2LYA) has successfully completed a restructuring of roughly $8.9 million of the company's outstanding debt held by a key industry lender under a senior secured convertible debenture issued on July 23, 2020, as amended, maturing...

Vertically integrated multi-state cannabis operator AYR Wellness Inc. (CSE: AYR.A) (OTCQX: AYRWF) has entered into a transaction support agreement with the holders of approximately 75% of the aggregate outstanding principal amount of the company's 12.5% senior notes due December 2024. The move...

Agrify Corporation (NASDAQ: AGFY) announced on Monday that CP Acquisition LLC and its existing institutional lender have signed a definitive agreement under which CP Acquisition purchased all of the outstanding convertible and senior secured notes of Agrify held by the existing lender and plans to...

Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) has entered into binding agreements to sell its real estate properties in Ontario and British Columbia to BJK Developments Ltd. for a net purchase price of $9,714,475 and lease the Ontario and BC Property back from the purchaser. The...