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Denver, August 2, 2021 /PRNewswire/ – The Alternative Finance Network (AFN), an independent financing network that provides services to cannabis and cannabis companies U.S and Canada, Announced today that it has been scheduled 10 million USD Jupiter Research, LLC (“Jupiter”) is a subsidiary of TILT Holdings Inc. (“TILT”) (OTCQX:TLLTF, CSE:tilt).
TILT can now obtain low-interest cannabis financing plus a 3.5% discount, and the financing is secured by Jupiter’s accounts receivable, inventory and related property. With this credit facility, TILT is leading the cannabis industry to begin to obtain interest rates that are more in line with the experience of non-cannabis commercial enterprises. The proceeds will be used for general corporate purposes and capital projects. The term of the line is two years, unless either party terminates, it will continue to extend the term of office for one year.
The full story on Benzinga.com
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