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."

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Source Fool.com