Marijuana MSO Ascend Wellness borrows at least $210 million

MJBizDaily
By Solomon IsraelAug 30, 2021, 12:44 pm205 ptsTrending
New York-based marijuana multistate operator Ascend Wellness Holdings said it secured a loan of at least $210 million at a 9.5% per annum interest rate. The senior secured debt will be used to repay “substantially all” of Ascend’s outstanding debt, except for roughly “$12 million of outstanding…

Read Article Share
Share Article
- email
- twitter
- facebook
- pocket
- reddit
- tumblr
- linkedin
- pinterest

Trending Today on NewsBudz

New Hampshire Bill To Ease Psilocybin Penalties Advances Through House But Is Tabled In Senate 69

2 board members, including Kris Krane, resign from marijuana operator 4Front 68

Anacostia Organics: Cannabis with care in the capital 67

New York regulators expand marijuana recall after alleged ‘inversion’ 66

California Cannabis Excise Tax Hike Takes Effect as Consumers Face Mounting Cost-of-Living Crisis 65

Star signs and cannabis strains: July 2025 horoscopes 64

10 Alabama CBD Stores, Vape Shops Raided; 4 Hemp Businesses Sue State 63

What’s Changed Since Connecticut Legalized Adult-Use Marijuana 4 Years Ago? 61

About NewsBudz

NewsBudz is your go-to app for daily cannabis news, covering everything from medical marijuana breakthroughs to recreational cannabis trends and legalization updates.

Our platform aggregates content from over 30 top-tier cannabis news outlets to deliver a curated stream of the latest headlines, insights, and developments across the marijuana and hemp industries.

Whether you're interested in policy reform, health research, cannabis business, CBD, delta 9 products or lifestyle stories, NewsBudz keeps you informed and connected. Accessible on the web and mobile, NewsBudz makes it easy to explore, read, and share cannabis news anytime, anywhere.