- Cannabis products company Entourage Health ( OTCQX:ETRGF ) amended and upsized an existing credit facility.
- The facility, to be used for general working capital purposes, will provide an additional $30M in funding availability.
- The $30M funding will be made available in two equal tranches of $15M, the first tranche on Oct. 1 and the second on Jan. 31, 2023.
- The credit facility, secured by the assets of the company and its subsidiaries, continues to bear an interest rate of 15.25%, and will mature on Dec. 31, 2024.
- Source: Press Release
For further details see:
Entourage Health upsizes credit facility