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Cash Is King, Credit Is Queen: Inside IgniteIt LA + the Week's Biggest MSO Balance Sheet Moves
In our latest Trade To Black podcast presented by Flowhub, Adam Stettner, CEO of FundCanna, joins Anthony Varrell and Shadd Dales to break down a week where cannabis balance sheets finally started looking like real businesses.Vireo Growth's $60 million refinancing: Vireo locked in an 8.5% rate maturing in 2034 from a U.S. commercial bank, secured by its Johnstown, New York and Palatka, Florida cultivation facilities. Roughly $49 million refinances senior debt from the Johnstown purchase option, and $11 million buys the Palatka site outright. Adam explains why bank-led cannabis lending at…
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