DIP – Pure Global Cannabis

DIP loan

Loan Priority

DIP Loan

Loan Amount

$1,000,000

Loan to Value (LTV)

NA

Loan Purpose

Hillmount Capital provided DIP financing to Pure Global Cannabis Inc. pursuant to the initial court order granted under the company’s CCAA proceedings. The bridge loan was provided to the cannabis producer and consumer products manufacturer (with real estate assets) for working capital and the liquidity required for the company’s operations to continue during the proceedings.

Location

Brampton, ON