Canopy Rivers to Provide $7.2MM in DIP Financing for PharmHouse

Canopy Rivers will act as a debtor-in-possession lender and provide up to $7.2 million in DIP financing to PharmHouse, which obtained an order from the Ontario Superior Court of Justice granting it creditor protection under the Companies’ Creditors Arrangement Act.

September 17, 2020 Canopy Rivers | Ernst & Young | PharmHouse Rita Garwood

BMO, CIBC, Concentra Increase PharmHouse’s Debt Facility by $10MM

The Bank of Montreal, the Canadian Imperial Bank of Commerce and Concentra Bank amended PharmHouse’s syndicated credit facility to provide an additional $10 million of secured debt financing. BMO acted as agent and lead lender for the facility.

April 17, 2020 Canadian Imperial Bank of Commerce | Canopy Rivers | Concentra Bank | Eddie Lucarelli | PharmHouse | The Bank of Montreal Phil Neuffer

BMO Agents $60.2MM Debt Facility for Cannabis Producer PharmHouse

BMO acted as agent and lead lender on C$80 million ($60.2 million) in secured debt financing for Canopy Rivers’ joint venture, PharmHouse. CIBC and Concentra Bank also participated as lenders on the facility.

January 8, 2019 Bank of Montreal | BMO | Canadian Imperial Bank of Commerce | Canopy Rivers | CIBC | Concentra Bank | PharmHouse Amanda Koprowski