NetworkNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Announces Q1 2020 Results, $90 Million Credit Facility led by Bank of Montreal
Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) on Thursday announced the release of its financial and operating results for the first quarter ended September 30, 2019. In addition, the company announced its entry into a credit agreement with Bank of Montreal ("BMO") as Lead Arranger and Agent on behalf of a group of lenders for $90 million of senior secured credit facilities consisting of a term loan of $70 million and a revolving credit facility of $20 million. “In the first quarter of fiscal 2020, we operated through challenging market conditions while integrating new businesses and product planning…