Tag: CBT > Business Issues/ Benchmarks > Secured Debt Financing

Finance

Jushi Holdings Refinances Credit Facilities With $160 Million Nondilutive Debt Financing

The cannabis company’s refinancing for its first and second lien credit facilities adds cash to its balance sheet.

March 27, 2026

Finance

The Cannabist Co. Further Extends Forbearance Agreement With Senior Noteholders

February 23, 2026

Finance

Green Thumb Industries Announces Additional $50 Million Senior Debt Financing

The company increased its five-year syndicated credit facility at an industry-leading rate of SOFR+500.

February 20, 2026

Finance

Trulieve Announces US$100 Million Private Placement of 10.5% Senior Secured Notes

The company intends to use the net proceeds of the offering for capital expenditures and other general corporate purposes.

December 9, 2025

Finance

TerrAscend Completes $79 Million Non-Dilutive Debt Financing

The proceeds from the transition were used to retire $68 million of existing debt, with the remainder designated for future growth initiatives.

July 9, 2025

Finance

Vireo Growth Refinances Senior Secured Debt Through $120M Loan

The cannabis company also expanded its consolidated credit facilities with an additional $33 million second lien term loan.

July 9, 2025

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

Finance

Ascend Wellness Holdings Signs Definitive Agreements to Issue $235 Million of Senior Secured Notes

The company secured funding with a 12.75% coupon and a five-year term; the net proceeds will refinance an existing term loan.

July 15, 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

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

Finance

TerrAscend Reduces Outstanding Debt by US$30 Million

The company elected to pay down $30 million of its maturing $55 million senior secured Michigan loan, refinancing the remaining $25 million.

December 1, 2022

Secured Debt Financing

When Bankruptcy Is Not an Option

With federal bankruptcy out of reach, cannabis businesses face limited choices when they fail, though some are workable.

August 2, 2022