Wednesday, July 2, 2025

Verano Holdings Expands Credit Facility By US$120 Million

Verano Holdings (CSE: VRNO) has secured additional funding. The funding comes from an amendment to an existing credit facility, which provides the company access to an additional US$120 million in funds.

With the amendment, the credit facility as a whole has now ballooned to US$250 million. Despite the substantial upsizing of the loan, the interest rate on the new debt is said to be at 8.50%, compared to the 9.75% interest per annum being paid on its previous upsizing.

In addition to the 8.50% interest on the loan, the funding is said to be non-dilutive, and contains an 18 month maturity. Furthermore, the company has the option to secure an additional US$100 million under the credit facility, at substantially the same terms.

In terms of the use of funds, generic “big idea” uses were provided, including the firms “short- and long-term objectives to remain acquisitive and expand the Verano platform,” which is said to apply to new as well as existing markets. The firm also added the terms “strategic growth” and “continued value creation” to its list of intended fund uses.

Verano Holdings last traded at $13.50 on the CSE.


Information for this briefing was found via Sedar, and Verano 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

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

Harvest Health Sees COO Ron Goodson, Former President Of Verano, Retire From Company

Harvest Health & Recreation (CSE: HARV) this morning announced the retirement of chief operating officer...

Tuesday, December 8, 2020, 08:51:11 AM

Harvest And Verano Walk From Business Combination

The market has finally received an update from Harvest Health (CSE: HARV) on its proposed...

Thursday, March 26, 2020, 09:07:59 AM

Harvest Health Announces Definitive Agreement to Purchase Verano Holdings

Last night, it was announced that Harvest Health and Recreation (CSE: HARV) had signed a...

Wednesday, April 24, 2019, 07:30:02 AM

Verano: PI Financial Initiates Coverage With $22 Price Target, Buy Rating

PI Financial last week initiated coverage on Verano Holdings (CSE: VRNO) with a long-term price...

Monday, September 12, 2022, 12:48:59 PM

Former Cannabis Executive Charged With Fraud And Conspiracy

Anthony Marsico, former Vice President of Verano Holdings (CBOE: VRNO), has been formally indicted by...

Saturday, January 25, 2025, 11:32:00 AM