Tag: CBT > Cannabis Business Loan

Innovative Industrial Properties Announces Closing of $45 Million in Secured Term Loans

The real estate investment trust closed on four secured term loans, which bear interest at a fixed rate of 6.67%

May 21, 2026

New Jersey to Open Applications for New Cannabis Loan Program on 4/20

The state’s Economic Development Authority will open the $15 million program to eligible cannabis cultivators, manufacturers and laboratories.

April 10, 2026

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US Cannabis Companies Could ‘Ring the Bell’ at US Stock Markets Under New Bill

Bipartisan lawmakers filed legislation to provide U.S. cannabis businesses with access to traditional lending services and financing options.

March 23, 2026

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FLUENT Corp. Announces Amendment to Senior Secured Credit Agreement

The company will receive incremental capital, strengthening its balance sheet position. The proceeds will be used for working capital and general corporate purposes.

March 18, 2026

Verano Announces $195 Million Senior Secured Term Loan Refinancing Agreement

The new credit facility highlights the company’s ability to access lower-cost regional bank capital to fund strategic growth initiatives.

March 12, 2026

Village Farms Amends, Extends Canadian Cannabis Credit Facility

The company is upsizing its loan commitments by CA$15 million and extending its maturities one year to February 2029.

February 23, 2026

Verano Upsizes Revolving Credit Facility to $100M, Extends Maturity Date

The company’s amendment adds an incremental $25 million to its commitment and extends the maturity by five months.

January 15, 2026

Verano Secures $75 Million Revolving Credit Facility

The cannabis company drew $50 million to retire $50 million of its existing senior secured credit facility, with $25 million left for strategic initiatives.

October 1, 2025

Ascend Wellness Closes $9.3 Million Mortgage Financing on 3 Ohio Properties

The cannabis company closed the transaction for loans on real estate in Cincinnati, Sandusky and Piqua.

September 30, 2025

Jushi Favorably Modifies Mortgage on Virginia Cultivation, Manufacturing Facility

The company received $4 million in additional loan proceeds and an extended maturity, bolstering its balance sheet for growth initiatives.

September 22, 2025

Cresco Labs Closes $325 Million Senior Secured Term Loan Refinancing

The transaction extends the loan’s maturity to 2030, strengthening the company’s balance sheet and positioning it for growth.

August 14, 2025

Canopy Growth Agrees to Make 3 Prepayments to Reduce Term Loan by $50 Million

The Canadian cannabis company’s prepayments are expected to reduce its annual cash interest expense by $6.5 million.

July 30, 2025

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