Tag: CBT > Debt Refinancing

Finance

Green Thumb Industries Refinances Senior Debt, Closing on $150 Million Syndicated Credit Facility

The cannabis company intends to use the proceeds along with existing cash to retire its $225 million senior secured debt.

September 12, 2024

Cannabis Business Financial Report

Jushi Holdings Inc. Reports Second Quarter 2024 Financial Results

The Florida-based multistate operator shares Q2 financial and company highlights, including its appointment of former Cresco executive Todd West as COO, its debut of 308 new unique SKUs across the company’s five vertical markets, a net loss of $1.9 million, compared to $14.0 million in Q2 2023, and the refinancing of the company's first lien debt with SunStream Bancorp Inc.

August 8, 2024

Investing in Public Cannabis Companies

The Cannabist Co. Announces Debt Repurchase Agreement

The company’s agreement aims to reduce leverage by up to $25 million and decrease its interest expense.

January 22, 2024

Finance

4Front Ventures Transforms Balance Sheet; Names New CEO

The Pheonix-based multistate cannabis operator entered into a conditional agreement with its senior secured lender.

January 9, 2024

Finance

MariMed Closes $58.7 Million Debt Refinancing

The 10-year term at a reduced annualized interest rate will result in a $4.7-million reduction to principal and interest expense in the first 12 months and $3.5 million annually for four years.

November 20, 2023

Finance

TerrAscend Closes US$25 Million Commercial Loan With Stearns Bank

The proceeds will be used to pay down higher-interest debt, reducing the company’s overall interest expense.

June 27, 2023

Finance

TerrAscend Announces Amendment of Pennsylvania Credit Agreement

The amendment will reduce the company’s debt by $35 million and annual interest expense by $5 million.

December 21, 2022