Wednesday, October 8, 2025

Latest

Acreage Repays Short Term Loan That Saw An Interest Rate Of 60%

Acreage Holdings (CSE: ACRG.u) has retired its debt from a short term funding agreement entered into in June. The agreement, which saw the company borrow $15 million from an institutional investor, saw an interest rate of an astounding 60% per annum, demonstrating just how high the cost of capital is for certain multi state cannabis operators in the US.

At the time of issuance, the debt was for a period of four months, with the company able to pay off the debt without penalty on the 90th day following closing. With an issuance date of June 17, it appears that the debt was paid off right on time, with the company announcing today it had repaid $18 million in aggregate funds to settle the debt. Notably, had the payment been missed, the loan would of been subject to an additional fee of $6 million.

With the debt being repaid, security is believed to have been released on the firms Illinois, New Jersey, Florida, as well as its US intellectual property. The company also notes that with the debt repaid, it “realigns Acreage’s capital structure and significantly reduces the amount of debt outstanding.”

Acreage Holdings last traded at US$2.83 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

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Acreage Holdings Reports to Sedar, Pretty Far from Pre-Public Guidance

After the bell Acreage Holdings (CSE: ACGR.u) released their financial statements on Sedar. They previously...

Friday, November 22, 2019, 08:27:00 PM

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

BofA: Shifts In Public Perception Driving Change [In Cannabis Legislation] Today

Yesterday, BofA Securities released a cannabis primer that largely focused on Canadian operators, such as...

Friday, December 4, 2020, 12:16:53 PM

Canopy Growth, Acreage Complete Amended Arrangement, Certain Acreage Shareholders To Be Issued Dividend

Canopy Growth Corp (TSX: WEED) (NYSE: CGC) and Acreage Holdings (CSE: ACRG) jointly announced this...

Wednesday, September 23, 2020, 10:05:49 AM

MSO Hiring Through A Year of COVID-19 – Trulieve Leads The Way

The outbreak of COVID-19 threw a wrench into the plans of many companies who were...

Wednesday, March 17, 2021, 11:43:00 AM