Vertically integrated cannabis company Bloom Montana raised $11 million in debt financing via a deal with marijuana lender Altmore Capital.
“The proceeds will be used to fund the completion of a new cultivation facility, further retail expansion and general business purposes as (Montana) begins its transition to recreational use,” Bloom said in a Thursday news release.
The terms of the debt financing were not disclosed.
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Bloom, which operates cannabis retail, cultivation and processing in Montana, says it runs the most stores of any marijuana company in the state.