Rubicon Organics Cannabis Co. Secures $8M Loan At 6.5% Annually For Two Years

Organic company Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) reported Thursday it has issued an $8 million principal amount secured debenture to Green Island Investment Ltd. in relation to a debt financing transaction.

The debenture bears an interest rate of 6.5% per year and has a two-year term. 

In relation to the loan financing, the Vancouver-based company issued 907,000 bonus warrants to the financier. Each warrant enables the holder thereof to buy one share of the company at a price of $4.00 per share in the upcoming …

Full story available on Benzinga.com

More Rubicon Organics Cannabis Co. Secures $8M Loan At 6.5% Annually For Two Years