News on Ancillary Products & Services
Marijuana industry real estate investment trust NewLake Capital Partners announced it secured a five-year revolving credit facility worth $30 million, with the possibility of expansion to $100 million “as additional lenders are added.”
Nearly four dozen Mississippi municipalities and counties have so far opted out of the state’s new medical marijuana program, with the deadline for doing so emerging in a few days.
Lawn and garden products giant Scotts Miracle-Gro reported a 44% year-over-year quarterly sales decline in its cannabis-focused Hawthorne Gardening Co. division, as well as Hawthorne’s acquisition of Australian hydroponic nutrient brand Cyco for $34 million.
Marijuana industry lender AFC Gamma has announced a revolving credit facility worth at least $60 million from two federally insured banks.
A bank in Raleigh, North Carolina, launched a banking program dedicated to marijuana and CBD companies.
Cannabis real estate lender AFC Gamma announced a senior secured credit facility worth up to $82.5 million for Florida-based privately held multistate marijuana company Bloom Medicinals.
San Francisco-based cannabis technology company Treez completed a $51 million Series C funding round that values the firm at $260 million.
