TerrAscend borrows $120M to make payments on marijuana acquisition

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U.S. and Canadian marijuana operator TerrAscend borrowed $120 million from a syndicate of lenders to help finance earn-out payments related to its acquisition of Ilera Healthcare in Pennsylvania. The financing, announced Dec. 18, is senior secured debt that bears an annual interest rate of 12.875% and matures in four years. The loan may be called […]

TerrAscend borrows $120M to make payments on marijuana acquisition is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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