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Green Thumb Industries Received Repayment from Cansortium Inc.

Nov 27, 2024•8 months ago

Contract Type

partnership

MorristownBankingFinanceFinancial Services

Description

Green Thumb Industries Inc. announced the receipt of principal and cash interest payments related to a prior loan to Cansortium Inc. Green Thumb received approximately $23 million of principal plus 13% accrued interest, adding to its Q3 ending cash balance of $174 million. This repayment marks a successful business collaboration and demonstrates Green Thumb's opportunistic style to allocating capital.

Company Information

Company

Valley National Bancorp

Location

Morristown, New Jersey, United States

About

Valley is more than just a financial institution; it’s your trusted partner in building a brighter future. With a strong presence across the U.S., Valley has been serving communities since 1927. For over 95 years, our dedicated team has focused on creating better banking opportunities for our customers while fostering growth and prosperity in the communities we serve. Offering personalized financial solutions, comprehensive banking services, home mortgages, commercial lending, and wealth management, we’re here to support you in achieving your financial goals, no matter the size.

Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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