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.
In addition, the company has agreed to a separate $50 million loan as collateral to the credit facility.
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.
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