Cannabis Co. Cansortium Refinances Debt With $96.5M Loan Ahead Of Major Merger And Next Phase Of Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 27 2024
0mins
Source: Benzinga
Cansortium Secures Financing: Cansortium Inc. has obtained a new senior secured credit agreement of up to $96.5 million, featuring a 12% cash interest rate and maturing on November 26, 2028, which will help refinance its existing $71 million loan and support growth in emerging markets.
Green Thumb Industries' Investment Return: Following Cansortium's financing, Green Thumb Industries received approximately $23 million in principal and interest payments from a prior loan, highlighting the successful financial maneuvering and potential for future investments.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
