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BMO agrees to give Aurora Cannabis with C$200M Loan — the biggest when you look at the cannabis industry up to now

BMO agrees to give Aurora Cannabis with C$200M Loan — the biggest when you look at the cannabis industry up to now

Bank of Montreal (BMO) is supplying Aurora Cannabis Inc. with C$200 million ($150 million) with debt financing, marking the greatest loan yet become extended into the cannabis industry.

Your debt center is composed of a C$150-million term loan and a C$50-million revolving credit facility, each of that may cbd oilexpert, inc mature in 2021.

By stepping into this financing cope with Aurora Cannabis, Bank of Montreal is cementing its place as the utmost aggressive among the list of major banking institutions in Canada. It may be recalled that in might, Bank of Montreal suggested Aurora Cannabis on its C$2.9-billion all-stock bid to get MedReleaf Corp. And in January, the lending company signed an underwriting handle Canopy development. Weiterlesen