US EditionMTL Cannabis Corp. Closes $27 Million Credit Facility with Canadian
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MTL Cannabis Corp. Closes $27 Million Credit Facility with Canadian
PICKERING, Ontario – MTL Cannabis Corp. closed a credit agreement with a leading Canadian Schedule 1 bank for an aggregate of approximately $27 million. The company plans to use the fund to (i) assist with growth capital expenditures, (ii) finance working capital needs, and (iii) refinance pre-existing debts. The Credit Facility is comprised of (i) an uncommitted demand revolving credit facility of up to $4,000,000, margined against the eligible…
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