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EXCLUSIVE: How Regulatory Reforms Could Reshape M&A Pulse In Cannabis Industry
Thursday, September 28, 2023 - 11:29am | 739The cannabis industry's mergers and acquisitions (M&A) landscape is undergoing a transformation, as highlighted in a recent panel discussion led by Scott Greiper, founder and president at Viridian Capital Advisors, at the Benzinga Cannabis Capital Conference in Chicago. This evolving sector...
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EXCLUSIVE: Funding Alternatives For Cannabis Companies Present Unique Opportunities For Investors
Monday, April 17, 2023 - 3:37pm | 577The cannabis industry has been affected by disruptions in the banking industry and changes in funding sources. Valley National's recent $72 million loan to Truly “is of particular interest, as it represents a significant move out of the shadows for banks in the cannabis industry,"...
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EXCLUSIVE: How Do You Build A Capital Stack In Today's Cannabis Market? Experts Weigh In
Wednesday, September 14, 2022 - 5:02pm | 849Entrepreneurs looking to build a company in the cannabis space often wonder what’s the best strategy for raising capital, and that includes setting up the right capital structure, also known as a capital stack. This structure takes into account all forms of equity and debt invested in...
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Ascend Wellness Secures $36.5M In Additional Funding, Will Expand PA Assets And Acquisition Of MedMen NY
Thursday, May 19, 2022 - 8:36am | 296Ascend Wellness Holdings, Inc. (OTCQX: AAWH) (CSE:AAWH.U) has closed on $36.5 million of additional funding under the increase option of its existing term loan credit facility. In August 2021, the company announced it had closed on a $210 million senior secured term loan credit facility with...
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Curaleaf Borrows $425M For Five Years To Refinance Existing Debt
Tuesday, December 14, 2021 - 9:29am | 502Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) reported Monday that it has obtained commitments for a private placement of 8.0% senior secured notes due 2026 for total gross proceeds of $425 million. "We are pleased to announce what we believe is the largest debt financing of any publicly-...