C21 Investments Inc., a leading vertically integrated cannabis company, today announced the principal amount of the Company’s senior secured note held by CEO Sonny Newman (“Newman Note”) has been restructured for repayment over a 30-month term. The Company has also secured a commitment from three investment managers Wasatch Global Investors, JW Asset Management, and CB1 Capital Management who, in addition to CEO Sonny Newman, will provide an equity commitment for repayment of all of the Company’s existing convertible debentures which remain outstanding at maturity. All figures are in U.S. dollars unless otherwise noted.
Published Ncv Newswire, New Cannabis Ventures, 11/19/2020 07:57:11
Open article: https://www.newcannabisventures.com/institutional-investors-provide-equity-commitment-to-cannabis-operator-c21-investments/