Cannabis Co. On The Move: Columbia Care Fuels Its Growth With $74.5M Raise Through Private Placement Offering

company Columbia Care Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE:3LP) has raised $74.5 million through a private placement offering of 6% secured convertible notes.

The New York-based company confirmed Tuesday that it has closed the previously announced transaction.

The notes, in the principal amount of $1000, are worth 154 common shares of the company at $6.49 per share. They represent Columbia Care’s senior secured obligations with interest payable semi-annually in arrears. The notes will mature on June 29, 2025.

Columbia Care was granted the right to redeem …

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More Cannabis Co. On The Move: Columbia Care Fuels Its Growth With $74.5M Raise Through Private Placement Offering