Trichome Financial increases loan commitment to James E. Wagner Cultivation Corporation to .5 million and enters into Receivables Financing Facility of up to million

Amended and restated loan increased to $7.5 million from $3.5 million as James E. Wagner continues to deliver on operational milestones Receivables Financing Facility represents new product for Trichome Financial borrowers TORONTO, Nov. 7, 2019 /CNW/ – Trichome Financial Corp. (the “Company” or “Trichome Financial“) (TSXV: TFC) is pleased to announce that on November 6, 2019 it closed a follow-on loan to James E. Wagner Cultivation Corporation (“JWC“) (TSXV:JWCA) of up to an incremental $4.0 million, by way of an amendment and restatement of the Company’s existing loan agreement with JWC, for a total aggregate loan of up to $7.5 million (the “Amended Loan“). Trichome Financial previously advanced $3.5 million to JWC on February 19, 2019.  JWC is a licensed producer under the Cannabis Act that produces premium cannabis products using proprietary aeroponic cultivation practices. Pursuant to yesterday’s closing, Trichome Financial provided JWC with an initial advance of $2.85 million under the Amended Loan (the “First Advance“), with the balance of $1.15 million to be advanced conditionally upon the achievement by JWC of certain milestones (the “Second Advance“). The proceeds will be used by JWC to fund its remaining capital expenditures and for working capital purposes as JWC begins to materially…

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