TerrAscend Corp (TSE:TSND) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
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.
