Acreage Holdings, a New York-based multistate operator, on Friday said it had secured a credit facility of up to $100 million with an institutional lender.
Part of that $50 million is funded by Acreage CEO Kevin Murphy.
The company, which also announced a warrant transaction totaling up to $50 million, will likely draw down an initial $49 million of the credit facility this month.
Acreage’s move is similar to recent debt transactions secured by cannabis MSOs Curaleaf and Cresco Labs.
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