Pot Co. Acreage Raises $60M In Pair Of Funding Deals
Law360 (June 1, 2020, 7:11 PM EDT) -- Cannabis company Acreage Holdings on Monday said it secured $60 million through a pair of funding agreements, including $10 million in debt secured with the company's medical marijuana dispensaries in Connecticut.
The New York City-based cultivator, manufacturer and dispensary operator said an unnamed institutional investor has also agreed to purchase up to $50 million worth of shares in the company at its discretion. The funds will be used for Acreage's working capital and general corporate purposes, according to a press release.
The deals come as the cannabis industry looks to steady itself amid the upheaval of the coronavirus pandemic and persistent...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!