Cronos Group Inc. has entered into a credit agreement with Canadian Imperial Bank of Commerce, as administrative agent and lender, and the Bank of Montreal, as lender in respect of a $65 million secured non-revolving term loan credit facility. The Company intends to use the funds available under the Credit Facility to repay the Company’s existing loan facility with Romspen Investment Corporation and for general corporate purposes pending the closing of the Company’s previously announced equity investment by Altria Group, Inc. The Company intends to repay the Credit Facility with a portion of the proceeds from the Investment. The Credit Facility will mature on July 23, 2019, unless extended to September 7, 2019 with the consent of the Lenders.
How Britney Guerra Transitioned from Cannabis Activist to Running a Legal Retail Store
Britney Guerra is a businessperson and cannabis activist who has seen the industry’s transition from prohibition to a legal and regulated industry that contributes to the Canadian economy. She began her career in Vancouver, working as an advertising manager for Cannabis Culture, an online magazine for the cannabis subculture. Today, she is the general manager of Brant Cannabis, a retail store in Brantford, ON, focused on selling quality products plus educating customers and the community on the drug’s many benefits.