Brief: WeedMD Enters $39 Mln Debt Facility With BMO

Entourage Health

01/04/2019 12:10

April 1 (Reuters) - WeedMD Inc  WMD.V :
    * WEEDMD ENTERS INTO $39 MILLION DEBT FACILITY WITH BMO AND
ACQUIRES 98-ACRE LICENSED STRATHROY PROPERTY
    * WEEDMD - BMO WILL PROVIDE SECURED DEBT FINANCING AT RATE
OF
INTEREST EXPECTED TO AVERAGE IN LOW-TO-HIGH 5% PER ANNUM RANGE
OVER A THREE-YEAR TERM.
    * WEEDMD - FACILITY CONSISTS OF A $33.1 MILLION TERM LOAN, A
$3.0
MILLION EQUIPMENT TERM LOAN AND A $3.0 MILLION REVOLVING CREDIT
FACILITY
    * WEEDMD - ACQUIRED A 100% INTEREST IN STRATHROY PROPERTY
FROM
PERFECT PICK FOR BALANCE DUE UNDER ITS OPTION AGREEMENT OF $22.6
MILLION

Source text for Eikon:  ID:nGNX9LpsJg 
Further company coverage:  WMD.V 

 ((Reuters.Briefs@thomsonreuters.com;))