A prominent player in the cannabis industry, known for iconic brands like Tweed and Wana, has recently made a US$100 million prepayment on its senior secured term loan. This prepayment has automatically extended the loan to December 18, 2026. Additionally, the company has the option to make an additional US$100 million prepayment at a discounted rate by March 31, 2025, further extending the loan’s maturity date to September 18, 2027.
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In other cannabis industry news highlights for the week of October 11 to October 17, 2024:
1. Tilray has announced its autumn craft beer lineup.
2. High Tide has opened a new Canna Cabana location in Toronto.
3. MediPharm Labs has announced the departure of president and co-founder Keith Strachan.
Top Cannabis Stocks for the week of October 11 to October 17, 2024, based on views:
1. T.TLRY | 14,588 views | Tilray Brands Inc.
2. T.WEED | 4,402 views | Canopy Growth Corp.
3. C.CURA | 2,937 views | Curaleaf Holdings Inc.
4. T.LABS | 2,576 views | Medipharm Labs Corp.
5. C.OILS | 634 views | Nextleaf Solutions Ltd.
6. T.OGI | 471 views | OrganiGram Holdings Inc.
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