Sunday, October 26, 2025

Acreage Holdings Announces Loan Bearing 60% Interest Per Annum

It appears that Acreage Holdings (CSE: ACRG.u) is tight for money in a major way. The company announced this morning that it has entered a loan for short term funding at an astounding interest rate of 60% per annum, in addition to a massive fee in the event of default.

The loan in question is for total gross proceeds of $15.0 million, with the loan being for a period of four months. Funding comes from an undisclosed institiutional investor, at a mind boggling rate of 60% per annum in interest – a figure worse than some loan shark rates even. If that wasn’t enough, the short term loan is secured by the firms cannabis operations in Illinois, New Jersey, and Florida as well as all of the firms US intellectual property.

In the event of default, a fee of $6.0 million will also be applied to the debt – roughly a 40% fee on the value of the principal. On the bright side, Acreage can prepay the note without penalty or premium after 90 days post closing.

And what is this extremely expensive funding being used for? You guessed it, working capital and general corporate purposes.

Acreage Holdings last traded at US$3.06 on the CSE.


Information for this briefing was found via Sedar and Acreage Holdings. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

This Is Why the Gold Run Is Not Done! | Peter Marrone – Allied Gold

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

Acreage Holdings Posts Negative Gross Margins In Q1 2024

Canopy Growth (TSX: WEED) is about to take on a headache with its acquisition of...

Friday, May 31, 2024, 09:21:07 AM

Acreage Holdings Sees Revenues Of $48.2 Million In Q3 2021, Net Loss

Acreage Holdings (CSE: ACRG) last night reported its third quarter financial results for the period...

Thursday, November 11, 2021, 07:30:49 AM

Acreage Holdings Records US$38.4 Million In Revenue, US$8.6 Million Net Loss For Q1 2021

Acreage Holdings, Inc. (CSE: ACRG.A.U) last night released its Q1 2021 financial results, which saw...

Tuesday, May 11, 2021, 09:58:00 AM

Canopy Growth Amends Acreage Holdings Acquisition Terms

Canopy Growth Corp (TSX: WEED) (NYSE: CGC) and Acreage Holdings (CSE: ACRG.u) have amended their...

Thursday, June 25, 2020, 08:36:50 AM

Updated: Rumors Swirling Canopy In Acquisition Talks with Acreage

This afternoon, rumors started swirling that Canopy ($WEED) is looking to acquire Acreage Holdings ($ACRG.c)....

Wednesday, April 17, 2019, 09:25:27 PM