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Marijuana Giant Trulieve Boosts Cash Position With $25M Loan, Opens Cannabis Stores In Florida

By Jelena Martinovic
December 27, 10:59 AM
Florida-based medical cannabis firm Trulieve Cannabis has secured $25m of gross proceeds from a five-year loan. The company will pay interest of 8.31% until the loan matures. The deal, arranged with First Federal bank, gives Trulieve greater flexibility, according to CEO Kim Rivers. She said the loan would boost the company's cash position as it gears up for growth opportunities. The company revealed the financing at the same time as the opening of two new medical dispensaries in Florida: one in Crawfordville and another in Crestview. Trulieve will stock products from in-house brands Modern Flower, Muse, Trekkers and many others. The dispensaries will also carry product from partner brands, including Alien Labs.

CSE:TRUL

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Toronto Cannabis Co. Trees Seeks Creditor Protection, Here’s What You Need To Know

By Jelena Martinovic
December 26, 7:00 PM
Trees Corporation, a Toronto-based company, has obtained creditor protection from the Ontario Superior Court of Justice under the Companies' Creditors Arrangement Act (CCAA). The company and its subsidiaries have been actively seeking additional financing and engaged a financial advisor to explore strategic options, including financing options. The company's directors determined that filing for creditor protection was in the best interest of the company. The initial order includes a stay of proceedings and the appointment of Ernst & Young as the monitor of the company. The board of directors and management will remain in place while the company undergoes the restructuring process.

TREE

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HIVE Digital Announces $25M Bought Deal Private Placement Of 5,000 Special Warrants At A Price Of $5/Warrant Financing To HODL Bitcoin Production And Expand Green Mining Footprint By 100MW

By Benzinga Newsdesk
December 19, 12:44 PM
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated May 10, 2023 to its short form base shelf prospectus dated May 1, 2023.VANCOUVER, BC, Dec. 19, 2023

HIVE

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Lottery.com Inc. Announces Successful Fundraising And Acquisition Update, Setting The Stage To Fully Resume Operations; Company Will Proceed With The Acquisition Of Nook Holdings To Further Develop Its Sports.com Brand In The Middle East

By Benzinga Newsdesk
December 18, 2:04 PM
Lottery.com Inc. (NASDAQ:LTRY, LTRYW)))) ("Lottery.com" or the "Company"), a leading technology company that is transforming how, where, and when the lottery is played, is pleased to announce additional new funding. This

LTRY