Longtime California cannabis company reaches tax payment deal with IRS
A pioneering California cannabis company said it struck a deal with the IRS to clear it of tax debt under Section 280E of the federal tax code, ending a long-running….
Tag: debt
With an eye on US cannabis market, Canadian firm Tilray acquires majority of MedMen debt
Tilray said Tuesday it acquired a majority of the debt that California-based MedMen Enterprises owes to New York hedge fund Gotham Green Partners and other funds, giving the Canadian cannabis….
Marijuana MSO PharmaCann completes $85 million debt offering
Multistate marijuana operator PharmaCann has completed a private debt offering of $85 million worth of senior secured notes at a 12% interest rate. The Chicago-based, privately held company said net….
Marijuana MSO Ayr Strategies increases capital raise to $110 million
Multistate marijuana operator Ayr Strategies announced that it has increased a $75 million debt offering to $110 million because of strong demand. The funding reflects a further loosening of capital….
Cannabis Guaranty Agreements 101 – Canna Law Blog™
A few days ago, I wrote a post on cannabis investing and the concept of debt v. equity. I noted that it’s very common to see lenders ask for personal….
Cannabis MSO Acreage raises $33 million, partly to pay off higher-interest debt
Multistate marijuana operator Acreage Holdings said it raised $33 million in debt, a development that shows an easing of a credit crunch facing the company. The three-year loan with an….
Multistate cannabis operator Holistic Industries raises $35 million
Holistic Industries, a Maryland-based multistate cannabis operator, said it raised $35 million in debt financing to fund cultivation and processing build-outs as well as new licensing and distressed asset opportunities…..
Multistate marijuana operator Jushi upsizes debt financing to $33.3 million
Florida-based multistate marijuana and hemp operator Jushi Holdings increased a debt financing announced in late July by roughly $18 million, citing strong demand from shareholders and management. The debt financing,….
Flashback Friday: Acid Dreams, Part Four • High Times
American counterculture owes an enormous debt to LSD. In Acid Dreams: The CIA, LSD and the Sixties (Grove Press), authors by Martin A. Lee and Bruce Shlain present a definitive….
Large US cannabis companies look to debt funding versus equity and sale-leaseback deals
Big marijuana companies in the United States increasingly are turning to debt as a funding tool, spurred by falling cannabis stock prices and terms that are more attractive than those….