Tag: CBT > Cannabis Business Loan

Industry Headlines

Green Thumb Industries Receives Repayments on Cansortium Loan

The cannabis company received roughly $23 million of principal plus 13% of accrued interest from Cansortium.

November 27, 2024

Finance

Canopy Growth Makes Early Prepayment, Reducing Term Loan by US$100 Million

The Canadian cannabis company’s prepayment improves its balance sheet and ensures a maturity extension to at least December 2026.

October 18, 2024

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

Vendor News

Safe Harbor Financial Exits $3.1 Million Loan in Default, Collecting 100% of Principal, Plus Over $200,000 in Accrued Interest

The company will reallocate the $3.3 million to its lending and credit line capacity.

July 9, 2024

Safety

Where All 100 US Senators Stand on SAFER Banking Act

At least 59 senators support or likely support the cannabis reform legislation as Majority Leader Chuck Schumer holds keys to floor vote.

May 8, 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

Colorado

Colorado Officials Announce Recipients of Cannabis Business Loan Program

IDY Distributors and Simply Pure received loans to help them expand operations, increase revenues, and retain or create jobs.

October 5, 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