Cresco Labs Unlocks $32 Million in Non-Dilutive Capital
In addition, the Company has closed on a conventional mortgage on its Ellenville, NY properties for a principal amount of up to $25.3 million with an interest rate of 8.43%.
- In addition, the Company has closed on a conventional mortgage on its Ellenville, NY properties for a principal amount of up to $25.3 million with an interest rate of 8.43%.
- Our exit from Arizona aligns with our strategy of optimizing our portfolio by prioritizing assets with a greater path to scale,” said Charles Bachtell, CEO of Cresco Labs.
- SSC Advisors acted as financial advisor to Cresco Labs.
- Approximately $20 million was funded at close, with the remaining principal held to fund future capital expenditures.