Cannabis Co. Glass House Lands $50 Million Loan With Favorable Terms: Why It Matters For The Industry
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 05 2025
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Source: Benzinga
Loan Secured: Glass House Brands Inc. has obtained a $50 million senior secured loan with improved terms, extending the maturity to January 31, 2030, and lowering the interest rate to 8.58%, which enhances their cash flow and financial flexibility.
Industry Confidence: The successful negotiation of favorable loan terms reflects growing lender confidence in established cannabis businesses, as Glass House plans to use the funds for working capital and general corporate purposes amidst evolving industry challenges.
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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.
