Columbia Care Completes US$20.4 Million Add-On Debt Financing
Columbia Care, Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) (Columbia Care or the Company) today announced the completion of an add-on debt issuance under its existing senior secured indenture via a private placement (the Offering) of 20,000 units (the Units) for aggregate gross proceeds of approximately US$20.4 million.
- Columbia Care, Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) (Columbia Care or the Company) today announced the completion of an add-on debt issuance under its existing senior secured indenture via a private placement (the Offering) of 20,000 units (the Units) for aggregate gross proceeds of approximately US$20.4 million.
- This add-on debt financing highlights the confidence and continued support Columbia Care enjoys with institutional investors, said Nicholas Vita, CEO of Columbia Care.
- Incoming calls for debt and equity have increased over the past two quarters as continued operational performance supports the markets expectation that Columbia Care will crossover to EBITDA positive in 3Q 2020.
- With more than four million sales transactions since its inception in 2012, Columbia Care is known for setting the standard for compassion, professionalism, quality, care, and innovation in the rapidly expanding cannabis industry.