TerrAscend Corp (TSE:TSND) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts and uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
TerrAscend Corp., a prominent North American cannabis company, has completed a US$26 million draw, the final portion of its US$140 million debt financing from FocusGrowth Asset Management and others, to reduce higher interest debt in Michigan. The financing, secured by assets in multiple states and with a 12.75% interest rate, supports TerrAscend’s operations including cultivation, processing, manufacturing, and retail. With this strategic financial move, the company continues to strengthen its position in the cannabis market.
For further insights into TSE:TSND stock, check out TipRanks’ Stock Analysis page.
