click to enlarge David McIntyre Jill and Steve Penning. Penning’s Farm Market began in 1983 as a seasonal farm stand and has since expanded into an agritourism destination with garden center, pub, grill, ice cream stand, bakery, and beer garden. To understand Warwick, you first have to look back. Waaay back. Like, 12,000-years-ago back. That’s when the glaciers receded from the Hudson Valley, leaving a carved out depression in the 104-square-mile area that currently encompasses the Town of Warwick, just a few miles north of where the border now runs between New York and New Jersey. Those low-lying areas turned into swampy bogs. Flash forward to the dawn of the previous century, when European immigrants to the Hudson Valley who had some experience farming in flooded l
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Green Thumb Industries Inc. (CSE:GTII) (OTCQX:GTBIF), the owner of Rise dispensaries, has raised $217 million to retire its existing $105-million senior secured debt due May 2023.
The Chicago-based company said Friday that it has finalized a senior non-brokered private placement financing via the issuance of senior secured notes.
The notes, which will mature on April 30, 2024, carry an interest of 7% on a yearly basis and are payable quarterly.
In addition, the financing allows GTI to lend an additional $33 million over the next 12 months.
Buyers of the notes obtained a total of 1,459,043 warrants, each allowing the purchase of one subordinate voting share of GTI at $32.68 per share in 60 months following the issuance.