DIP – Pure Global Cannabis
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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