Cannabist Company Secures $25.75M in Private Offering

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.

For further insights into TSE:CBST stock, check out TipRanks’ Stock Analysis page.