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Green Thumb Industries ( (TSE:GTII) ) has issued an update.
Green Thumb Industries Inc. has secured a groundbreaking $150 million credit facility, marking a significant milestone in U.S. cannabis industry financing. This five-year deal, led by Valley National Bank, will enable the company to pay off existing senior secured debt, fortifying its balance sheet and fueling its brand development and growth strategies. With the company’s strong focus on cash generation and capital allocation, this non-brokered, oversubscribed offering sets a precedent for bank financing within the cannabis sector, reflecting confidence in Green Thumb’s market leadership and financial prudence.
See more data about GTII stock on TipRanks’ Stock Analysis page.
