Curaleaf Holdings (TSE:CURA) has released an update.
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Curaleaf Holdings has secured a $40 million revolving credit facility from a major commercial bank, offering flexibility to support its global cannabis operations amidst challenging capital conditions. This move aligns with Curaleaf CEO Boris Jordan’s focus on cost-saving measures and profitable growth, highlighting Curaleaf’s position as a leader in the cannabis industry. The credit facility, which matures in December 2026, aims to enhance Curaleaf’s operational agility in the evolving market landscape.
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