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Asset Scramble: Body & Mind Secures $2.3M To Drive Cannabis Growth In Illinois And New Jersey
Sunday, October 27, 2024 - 8:22am | 482Body and Mind Inc. (CSE:BAMM), (OTC:BMMJ), a multi-state cannabis company, announced a new credit facility with Bengal Catalyst Fund, LP, securing up to $2.3 million to support its U.S. expansion efforts. The financing aims to help Body and Mind build out key dispensary projects in Illinois and New...
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Out Of Pocket: Which U.S. Cannabis Company Owes The Most Money In 2024?
Friday, August 2, 2024 - 11:17am | 801In a recent report, Pablo Zuanic, senior analyst at Zuanic & Associates, analyzes the debt maturities of over 20 multi-state operators (MSOs) in the cannabis industry. This comprehensive review follows Ascend Wellness's significant $200 million debt refinancing. Ascend Wellness Holdings (...
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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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Credit Check: What Does DEA Rescheduling Mean For Cannabis Credit Ratings? Big Companies' Risk-Return Profiles
Friday, May 3, 2024 - 11:57am | 578The recent decision by the DEA to reschedule cannabis to Schedule III has triggered notable volatility in the market valuations of multi-state operators (MSOs). According to Viridian Capital Advisors' latest weekly credit report, the MSO index surged by 25% immediately after the announcement,...
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Connecticut Allocates $50M In Low-Interest Loans To Social Equity Cannabis Business Entrepreneurs
Tuesday, August 29, 2023 - 4:29pm | 363Social equity cannabis businesses regularly contend with the burden of structural inequality, lack of intergenerational wealth, and funding, high taxation and real estate prices, and, stringent compliance standards. The weight of these challenges has frequently pushed many enterprises to the brink...