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Cresco Labs Secures Credit Facility For up to $200M

TheMotleyFool

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Cresco Labs Secures Credit Facility For up to $200M

Cresco Labs (OTC: CRLBF) has tapped a fresh source of funding. The company announced Thursday morning that it has entered into an agreement with a syndicate of lenders for a senior secured term loan facility for up to $200 million.

The initial draw-down of up to $100 million should take place "on or about" Jan. 30, the company said.

Image source: Getty Images

Source Fool.com

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