Cannabis Company TerrAscend Secures Second And Final $26M Loan, Reduces Debt In Michigan
TerrAscend Corp. (OTC:TSNDF) cannabis company announced that it has completed the second and final draw of $26 million as part of its $140 million senior secured term loan.
The loan, managed by FocusGrowth Asset Management, LP, was initially announced in August 2024. The new funds were used to pay down higher-interest debt in Michigan, helping the company strengthen its financial position.
Earlier this year, Jason Wild, executive chairman of TerrAscend said that by closing this financing, the company has “no other …