Cannabis Debt Looms For These Weed Giants: Here’s How Some Tackled Their Financial Challenges – Cresco Labs (OTC:CRLBF), Ascend Wellness Holdings (OTC:AAWH)

October 16, 2024

That said, Green Market Report’s Debra Borchardt took a closer look at how she called it “a tsunami of debt headed straight for the cannabis industry,” or approximately $1.83 billion of the debt that’s due by 2026 that many public marijuana operators opted for earlier as they lacked much-needed capital.Curaleaf Holdings, Inc. (OTC: CURLF), Cresco Labs (OTC: CRLBF), Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) and Verano Holdings (OTCQX: VRNOF) are about to face substantial debt maturities in 2026. Ascend Wellness, Green Thumb and Terrascend dealt with thier respective debts, at least for now.

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