TerrAscend Cannabis Wraps Up $140M Debt Financing, ‘No Other Material Debt Maturing’ Until 2027, Says Exec Chairman
TerrAscend Corp. (TSX:TSND) (OTCQX:TSNDF) announced on Friday that together with certain entities that are consolidated by the company, it has closed on a senior secured term loan for gross proceeds of $140 million from funds managed by FocusGrowth Asset Management, LP.
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What Happened
The loan includes an initial draw of $114 million in gross proceeds by certain of the company’s consolidated entities in Pennsylvania, Maryland and California, with a second draw of $26 million in gross …