Cannabist Company Holdings Inc (TSE:CBST) has released an update.
The Cannabist Company Holdings Inc. is set to raise US$25.75 million through a private placement of 9% senior secured convertible debentures due in 2027, with US$6.25 million allocated to replace existing notes due in 2025. Investors have already committed US$17.5 million and the company may secure an additional US$2 million before the closing date. This strategic financial move will provide the company with US$15.6 million in new capital while also retiring US$5 million in older debt.
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