Cresco Labs Revises Senior Secured Loan To $200M To Boost Growth Opportunities

Cresco Labs (CSE: CL) (OTCQX: CRLBF) extended the maturity of its senior secured term loan and raised it to $200 million.

The multi-state cannabis operator, or MSO, has had all its lenders agree to the extension and sign the new agreement, setting the maturity for Jan. 23, 2023 with a trimmed interested rate of 12% per year.

The loan was raised by $100 million, out of which $85 million was supported by both the current and new lenders and large …

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