Tag: CBT > Cannabis Business Loan

Finance

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

Finance

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

Finance

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

Finance

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

Finance

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

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