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Tag Archives: Farm Credit Canada

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Emerald Health Therapeutics Announces Completion of Pure Sunfarms CAD$20 Million Credit Facility with Bank of Montreal and Farm Credit Canada

Emerald Health Therapeutics Announces Completion of Pure Sunfarms CAD$20 Million Credit Facility with Bank of Montreal and Farm Credit Canada
Emerald Health Therapeutics, Inc. (“Emerald”) (TSXV:EMH; OTCQX:EMHTF) today announced that its 50%-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms Corp. (“Pure Sunfarms”), has entered into a credit agreement with Bank of Montreal (“BMO”) as agent and lead lender and Farm Credit Canada (“FCC”) as lender (together with BMO, the “Lenders”) in respect of a CAD$20 million secured non-revolving term loan (the “Credit Facility”). Pure Sunfarms intends to use the funds available under the Credit Facility to finance the final costs of converting its 1.1 million square foot greenhouse for cannabis production, the vast majority of which was completed in January of this year.
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Village Farms International Announces Completion of Pure Sunfarms’ CAD$20 Million Credit Facility with Bank of Montreal and Farm Credit Canada

Village Farms International Announces Completion of Pure Sunfarms’ CAD$20 Million Credit Facility with Bank of Montreal and Farm Credit Canada
Feb. 13, 2019 /CNW/ - Village Farms International, Inc. ("Village Farms" or the "Company") (TSX:VFF) (OTCQX: VFFIF) today announced that its 50%-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms Corp. ("Pure Sunfarms") has entered into a credit agreement with Bank of Montreal ("BMO"), as agent and lead lender and Farm Credit Canada ("FCC") as lender (together with BMO, the "Lenders") in respect of a CAD$20 millionsecured non-revolving term loan (the "Credit Facility").
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SugarBud Secures $17.65 Million Non-Dilutive Credit Facility With Farm Credit Canada to Fund Cannabis Operations

SugarBud Secures $17.65 Million Non-Dilutive Credit Facility With Farm Credit Canada to Fund Cannabis Operations
SugarBud Craft Growers Corp. (trading as Relentless Resources Ltd.) (“SugarBud” or the “Company”) is pleased to announce that it has entered into a commitment letter with Farm Credit Canada (“FCC”) for a credit facility in the amount of $17.65 million (the “Facility”) to fund an aeroponic cannabis cultivation facility at Stavely, Alberta (the “Project”) and is in advanced negotiations with another Canadian financial institution for a revolving working capital credit facility in the amount of $2.0 million (the “Revolver”) and syndication of the Facility.     
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