Multistate marijuana operator Ayr Strategies announced that it has increased a $75 million debt offering to $110 million because of strong demand.
The funding reflects a further loosening of capital markets for marijuana companies with operations in high-growth markets, although the cost of capital remains high. The secured notes were issued at a 12.5% interest rate.
Source:
Marijuana MSO Ayr Strategies increases capital raise to $110 million
