Acreage Ensures $12M Loan To Expand Illinois Facility

Acreage Holdings Inc. (OTCQX: ACRHF) revealed it is getting a $12 million construction financing loan to support the development of its cultivation and processing facility in Illinois.

The loan, which will be provided by a cannabis-oriented real estate investment trust, The Pelorus Fund, carries an interest rate of 16% per year, over the course of 18 months.

Ney York City-based cannabis company …

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