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Curaleaf Upsizes Revolving Credit Facility to $100 Million with Needham Bank
Prnewswire· 2025-10-14 11:45
Core Insights - Curaleaf Holdings, Inc. has secured a significant $100 million revolving credit facility, marking the largest of its kind in the U.S. cannabis sector to date [1][2] - This financing is a pivotal advancement for institutional lending within the cannabis industry, indicating growing confidence from lenders in the sector's future [1][2] Company Overview - Curaleaf is a leading international provider of consumer cannabis products, with a mission to enhance lives through the power of the cannabis plant [3] - The company operates under various brands, including Curaleaf, Select, Grassroots, Find, Anthem, and The Hemp Company, and has a strong presence across the medical and adult-use markets [3] Financial Details - The newly amended credit facility has an initial term of one year, with an interest rate of 7.99% on outstanding principal, which can extend up to five years with a potential rate increase to 8.99% if the company refinances its Senior Note Facility due in 2026 [2] - Curaleaf plans to utilize at least $50 million from this credit facility to pay down higher interest-bearing acquisition-related debt while ensuring sufficient capacity for working capital needs [2]
Curaleaf to Report Third Quarter 2025 Financial and Operational Results
Prnewswire· 2025-09-25 20:15
Core Insights - Curaleaf Holdings, Inc. will report its financial and operating results for the third quarter ended September 30, 2025, after market close on November 5, 2025 [1] - A conference call and audio webcast will be held on the same day at 5:00 p.m. ET to discuss the Company's operational and financial highlights [2] Company Overview - Curaleaf is a leading international provider of consumer cannabis products, with a mission to enhance lives through the power of the plant [3] - The Company is recognized for its high growth, quality, expertise, and reliability, offering a wide range of products and services across medical and adult-use markets [3] - Curaleaf operates a strong distribution network in Europe, Canada, and Australasia, integrating science and research with advanced cultivation, extraction, and production techniques [3]