Capital raises increasing – but only on the debt side
Capital raises this year may have improved over 2023, but according to Viridian Capital Advisors it’s still the second-worst capital raise year since 2018. Year-to-date capital raises for plant-touching companies are up 141% to $972 million versus just $403 million for the same period in 2023. But when you drill down into the numbers, the […]
Cannabis retailer High Tide completes CA$15 million debt draw
High Tide, a Calgary, Alberta-based cannabis retail chain, drew the final 5 million Canadian dollars ($3.6 million) of a CA$15 million debt facility. The Canadian retailer drew the first CA$10 million tranche on July 31 and announced it Aug. 2. According to a Wednesday news release, High Tide will use the additional $5 million to: […]