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Sol Global Closes $10 Million Loan Facility And Reduces Outstanding Principal On Existing Credit Facility

Sol Global Closes $10 Million Loan Facility And Reduces Outstanding Principal On Existing Credit Facility

06/07/22, 12:00 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svgtoronto
Money raised
$10 million
SOL Global Investments Corp. (the “Company” or “SOL Global”) (CSE: SOL) (OTCQ SOLCF) (Frankfurt: 9SB) has entered into a loan agreement with a Canadian arm’s length private lender (“New Lender”) for a secured loan in the principal amount of CAD$10 million (the “New Loan”). The New Loan has a term of 12 months and will bear interest at the rate of 9% per annum. The New Loan is guaranteed by Verano Blocker 1 LLC, a wholly-owned subsidiary of SOL Global, and Blue Sky Holdings USA Inc

Company Info

Company
Sol Global
Location
toronto, ontario, canada