Cresco Labs secures up to $200M in debt for cannabis operations

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
reposted by Cannabis News World

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