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CapStone Holdings Invests $25M In TerrAscend's Ilera Healthcare Division

TerrAscend Corp. (OTCQX: TRSSF), will obtain a $25 million investment from CapStone Holdings. TerrAscend recently announced it has secured $120 million in financing via a senior secured term loan with a syndicate of lenders. The loan was secured by Ilera Healthcare, which TerrAscend purchased in 2019 for a total consideration of $125 million to $225 million. CapStone is one of a group of investors in a $120 million loan facility to enable TerrAscend to complete the final Ilera Healthcare earn-...
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CapStone Holdings Inc. Invests $25 Million in Ilera Healthcare

Share this article Share this article WATERFALL, Pa., Dec. 21, 2020 /PRNewswire/ -- CapStone Holdings, a business incubator and investment group, today announced a $25 million investment in TerrAscends Ilera Healthcare Division, a vertically-integrated medical marijuana cultivator, processor, and dispensary operator in Pennsylvania. CapStone is one of a group of investors in a $120 million loan facility to enable Ileras parent company – TerrAscend Corp. (CSE: TER;OTCQX: TRSSF) – to sati...
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