Cresco Labs secures up to 0M in debt for cannabis operations

Cresco Labs Announces Signing of Senior Secured Credit Agreement January 23, 2020 Initial Drawdown of up to US$100 million expected end of January; Agreement Includes Mutual Option to Increase to up to US$200 million CHICAGO–(BUSINESS WIRE)– Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or the “Company”), one of the largest vertically integrated multistate cannabis operators in the United States, announced today that it has entered into a non-brokered credit agreement (the “Credit Agreement”) for a senior secured term loan (the “Senior Loan”) in an initial aggregate principal amount of up to US$100 million, with a mutual option to increase the size of…

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Source : CANNANNEW REPORT
Link to original : Cresco Labs secures up to 0M in debt for cannabis operations
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