Chiron Financial served as the exclusive investment banker for one of the largest U.S. cannabis businesses in the placement of a $25 million advancing term loan.
Based in the western United States, the company cultivates and purveys cannabis products and serves both the medical and recreational consumer markets. It operates a multi-level indoor cultivation facility of approximately 150,000 square feet, runs 15 dispensaries and employs 600 people.
The company sought new capital to fund strategic acquisitions and organic growth opportunities and engaged Chiron to secure additional financing to fund its capital requirements.
Chiron is an investment banking firm that arranges private placements of debt and equity capital as well as mergers, acquisitions and sales for middle market companies.
Chiron team members included Managing Director Cary M. Grossman, Director Todd A. Hass, Vice President Europe Alban Meteyer and Associate Johann Bosch-Salcedo.
