Needham Bank

As the Benzinga Cannabis Capital Conference gets underway in Florida, gathering top CEOs, investors and leaders in the cannabis industry, let's scroll through the latest leadership changes in space, starting with companies that named new CEOs over the past period. Decibel Cannabis Company Inc. (...

AYR Wellness Inc. (OTCQX: AYRWF) (CSE:AYR.A) has closed on a $40 million refinancing and upsizing of its existing mortgage for its Gainesville cultivation facility, with Needham Bank. Proceeds from the loan will be used to pay down the company’s existing Gainesville mortgage of $25.3 million...

On December 19, 2022, Needham Bank opened its new Medford location at 270 Mystic Avenue, which includes a full-service retail branch and Specialized Banking Center (SBC). Needham Bank's Medford retail branch is equipped with a drive-up ATM, drive-up teller window, walk-up ATM, night deposit box...

XS Financial Inc.(CSE: XSF)(OTCQB: XSHLF), a specialty finance company providing CAPEX and equipment financing solutions to US cannabis companies which recently reported its 3Q financial results, announced that it has entered into an upsized $39 million line of credit with Needham Bank....

Needham Bank has closed a cannabis business loan to Glorious Cannabis Company. Though headquartered in Rochester Hills, Michigan, Glorious Cannabis has recently joined the Massachusetts cannabis market to manufacture their specialty products. Glorious Cannabis will use the financing to complete the...

XS Financial Inc. (OTCQB: XSHLF) (CSE:XSF) a specialty finance company providing CAPEX and equipment financing solutions to cannabis companies in the United States, has entered into a new $24 million line of credit with Needham Bank committing $20 million and acting as the administrative agent. XS...