Verano gets $30 million term loan facility led by Green Ivy Capital

By Taylor Fox

Chicago, July 7 – Verano Holdings LLC obtained a $30 million senior secured term loan facility, according to a news release from Chicago Atlantic Group LLC.

The two-year term loan is non-dilutive, and loans issued under the facility will bear interest at a fixed annual rate of 15.25%.

Verano plans to use proceeds to support working capital, growth and acquisitions.

Green Ivy Capital, LLC, an affiliate of Chicago Atlantic Group, acted as sole lead arranger and administrative agent.

Verano Holdings is a Chicago-based operator of licensed cannabis cultivation, manufacturing and retail.

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