Company name: PharmHouse JV
Description: Producer of cannabis in Canada. The company grows and supplies cannabis from a 1.3 million square foot greenhouse facility located in Leamington, Ontario.
Industry: Materials and Resources | Group: | Code:
Start up capital raised (USD Million): 69.28
Business status: Generating Revenue
Ownership: Privately Held (backing)
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Net income (USD Million)
Earnings before interest, tax, depreciation and amortization (EBITDA):
Financing Status: The company received $10 million of debt financing in the form of secured debt from BMO Harris Bank, Canadian Imperial Bank of Commerce and Concentra Financial on April 16, 2020. Pursuant to the amendment and as part of the increase to the credit facility, the date that required principal repayments under the credit facility is to begin was pushed out one year to March 31, 2021. Additional amendments include an increase to interest rate spreads of 25 basis points and an increase to the company’s limited guarantee by $10 million, commensurate with the increase to the credit facility.
Number of active investors:
Profile last updated: 24-Apr-2020
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