Post by
Xbolt3388 on Dec 16, 2021 7:39pm
Cannabis firm Acreage gets $100 mln credit facility
from AFC Gamma, Viridescent Realty
[url=https://www.reuters.com/markets/us/cannabis-firm-acreage-gets-100-mln-credit-facility-afc-gamma-viridescent-realty-2021-12-16/?rpc=401&][/url]
Comment by
WestCoast78 on Dec 16, 2021 7:56pm
150M at 9.75%. Big upgrade from 18months ago, when they borrowed 15m at 60%!!! These guys are a turnaround story and these rates reflect that. https://www.globenewswire.com/news-release/2021/12/16/2354124/0/en/Acreage-Holdings-Secures-150-Million-Credit-Facility-to-Accelerate-Strategic-Growth-Initiatives.html
Comment by
WestCoast78 on Dec 16, 2021 11:18pm
Pretty strange that a company with a M cap of 277M could get a 150M loan.