Curaleaf Holdings Obtains $275 Million in New Financing
Curaleaf Holdings (OTC: CURLF) struck a new financing deal that should help to shore up its cash reserves.
The U.S.-based cannabis dispensary company said on Dec. 20 that a syndicate of lenders would provide it with a new 48-month, $275 million term loan facility.
"This transaction is a historic milestone for Curaleaf," Curaleaf CEO Joseph Lusardi said in a press release. "Our track record of continuously improving results has attracted a strong group of institutional investors who share our belief that we have established a leading credit profile in the cannabis industry."
Source Fool.com
