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If You'd Invested $1,000 in CRLBF 5 Years Ago, Here's How Much You'd Have Today
The Motley Fool· 2025-08-30 11:34
Group 1 - The cannabis industry, including multi-state operator Cresco Labs, is facing significant challenges such as black- and gray-market competition, limited access to financial services, and high taxation [1][2] - Cresco Labs' stock performance has been poor, with a $1,000 investment in the stock shrinking to approximately $200 over the past five years, while the S&P 500 index would have grown to $1,878 in the same period [2] - The legal status of cannabis in the U.S. is complicated, with federal illegality contrasted by varying state laws, leading to a patchwork of legalization across the country [4] Group 2 - There is ongoing lobbying for federal rescheduling of marijuana, but it is not a priority for lawmakers, leaving companies like Cresco in a survival mode [5] - Cresco Labs is experiencing declining revenue and ongoing challenges with profitability, although it has recently refinanced a $325 million credit facility and holds $147 million in cash and equivalents [6]
AYR Wellness Executes Senior Secured Bridge Credit Agreement
Globenewswire· 2025-08-29 20:30
Core Points - AYR Wellness Inc. has executed a definitive senior secured bridge term loan agreement providing up to US$50 million in funding to support ongoing operations and facilitate a restructuring plan [1][3] - The Bridge Credit Agreement involves multiple draws and is secured by all present and future acquired assets of the Borrower and Guarantors, ranking pari passu with existing senior secured notes [5][6] - The loans under the Bridge Facility bear an interest rate of 14.0% per annum, with specific maturity dates for Tranche A and Tranche B loans [6][10] Financial Structure - The Bridge Facility consists of Initial Term Loans (Tranche A and Tranche B) and Delayed Draw Term Loans, with proceeds allocated for working capital, corporate purposes, and restructuring costs [4][3] - A commitment premium, exit premium, and backstop premium are included in the Bridge Facility, all payable in kind and potentially convertible to equity [7] Covenants and Conditions - The Bridge Credit Agreement includes affirmative and negative covenants, such as maintaining cannabis licenses and restrictions on additional indebtedness, with a minimum liquidity covenant of US$17.5 million [8] - Events of default include payment defaults, covenant breaches, and failure to meet restructuring milestones [9] Company Overview - AYR Wellness is a vertically integrated U.S. multi-state cannabis operator with over 90 licensed retail locations across several states, offering a broad portfolio of cannabis products [12]
X @Forbes
Forbes· 2025-08-29 20:21
Company Overview - Cheech & Chong, known for stoner comedy, have established a company in the cannabis industry [1] - The company sells THC-infused edibles, drinks, and cannabis [1] Financial Performance - The company's products generate significant revenue ("serious green") [1]
X @Bloomberg
Bloomberg· 2025-08-29 18:52
Troubled Cannabis Operator Schwazze Nears Debt Restructuring https://t.co/1y6DpHBitz ...
Blum Holdings Inc. Releases First Half 2025 Executive Summary
Globenewswire· 2025-08-29 12:00
DOWNEY, Calif., Aug. 29, 2025 (GLOBE NEWSWIRE) -- Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm,” “Blüm Holdings,” “we” or “us”), a California-based publicly traded holding company, is pleased to announce the release of its “First Half 2025 Executive Summary.” “The first half of 2025 marks the close of Blüm’s turnaround phase and the beginning of a new chapter,” said Sabas Carrillo, Chief Executive Officer of Blüm Holdings. “Through disciplined restructuring, substantial cost reductions, and strat ...
X @Forbes
Forbes· 2025-08-28 16:20
Weed has always paid off for the godfathers of stoner comedy. Now they’ve built a company that sells THC-infused edibles, drinks and of course some tasty bud, all of which brings in some serious green. https://t.co/XYt3ovKFZv (Photos: Cheech & Chong) https://t.co/kHW0dtind7 ...