Cannabis Debt Looms For These Weed Giants: Here's How Some Tackled Their Financial Challenges
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 16 2024
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Source: Benzinga
Capital Raising Trends: Cannabis companies are experiencing a 14.8% increase in capital raises in 2024, primarily driven by U.S. debt financing and Canadian equities, with retail and cultivation sectors accounting for half of the total raises.
Debt Challenges Ahead: The cannabis industry faces approximately $1.83 billion in debt maturing by 2026, with major operators like Curaleaf and Cresco Labs needing to navigate significant financial obligations while some companies have successfully managed their debts through strategic actions.
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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.
