Tilt Holdings (TSE:TILT) has released an update.
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TILT Holdings has secured a loan of up to $10.5 million to establish three new medical marijuana dispensaries in Pennsylvania through its subsidiary Standard Farms. The funds will support construction, initial setup, and operations, with the interest rate of the loan escalating from 20% to 40% following the opening and initial sales period. Standard Farms, a grower and processor since 2019, looks to expand its reach in the state’s cannabis market with no repayment due before the end of 2027.
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