FTM
BECOME A MEMBER
() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()

Tag Archives: Non-Dilutive Credit Facility

  • Home
  •  | 
  • Tag Archives: "Non-Dilutive Credit Facility"

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.     
Read more