Cansortium Inc. Completes New Senior Secured Credit Agreement Ahead of Planned Business Combination Closing with RIV Capital
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 26 2024
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Source: Globenewswire
Cansortium Secures New Credit Agreement: Cansortium Inc. has finalized a senior secured credit agreement worth up to $96.5 million with Chicago Atlantic, which refinances an existing loan and provides additional credit lines for future growth and acquisitions.
Strategic Growth Plans: The company aims to leverage the new financing to pursue strategic acquisitions and expand its operations in key markets such as Pennsylvania and New York, while maintaining a strong financial position with no significant debt maturities until late 2028.
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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.
