Greenrose Acquisition has entered into agreements for up to $103 million in capital from SunStream Bancorp, consisting of $78 million in a multi-tranche senior secured loan facility and $25 million in unsecured convertible notes.
With the closing of the SunStream financing, and assuming no redemptions of Greenrose stockholders, the company will have up to $276 million going into its acquisition of four cannabis companies.
The SPAC said tomorrow it will notify its escrow custodian of a one-month extension to the closing period for completing the business combination to Sept. 13. Read more.
