Foley Hoag recently advised FocusGrowth Asset Management, LP, a leading capital provider to the cannabis sector, in the upsize of its existing syndicated term loan facility to TerrAscend, a leading North American Cannabis company. The transaction included the funding of an additional $79 million term loan to TerrAscend, a portion of the proceeds of which were used to retire existing indebtedness and the remainder was designated for future growth initiatives.
A Foley Hoag team including Anne Seymour, Jeff Ganguly, Nick Gill, Eliana Sanchez, and William Holt advised FocusGrowth on this transaction.
More information on this deal can be found
here.
