Cannabist Company Holdings Inc (TSE:CBST) has released an update.
Cannabist Company Holdings Inc. has successfully closed a private offering, raising $19.5 million through the sale of 9% senior secured convertible debentures. An additional $6.25 million of these debentures were exchanged for existing 6% notes due in 2025, effectively injecting $15.6 million of fresh capital into the company and reducing older debt obligations. The funds are earmarked for debt repayment, working capital, and general corporate needs.
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