Canara Biotech Inc. Secures An Additional $10 Million In Non-Dilutive Capital With Its Lead Credit Provider, Bmo Commercial Banking
Amount Raised
$10 Million
Round Type
Grant
ProvoInformation TechnologyArtificial IntelligenceMachine LearningNatural Language ProcessingInvestors
Description
Cannara Biotech Inc. ("Cannara" or the "Company") (TSXV: LOVE) (OTCQB: LOVFF) (FRA: 8CB), a vertically integrated producer of premium-grade cannabis and derivative product offerings at affordable prices with two mega facilities based in Québec spanning over 1,650,000 sq. ft., announced today that they have raised an additional $10 million of credit facilities from its lead bank, BMO Commercial Banking via a $5 million increase in its term loan facility and a $5 million increase in its revolving line of credit. Under the terms of the initial agreement that was announced on June 1, 2022, the credit facility included a three-year term loan for $45 million with an accordion for up to an additional $10 million and a $5 million line of credit
Quick answer
Hypercraft raised $10 Million in a Grant round, dated May 4, 2023. Investors: BMO Commercial Banking. Hypercraft is based in Provo, Utah, United States.
- How much did Hypercraft raise?
- Hypercraft raised $10 Million in a Grant round on May 4, 2023.
- Who invested in Hypercraft?
- BMO Commercial Banking is named as investors in this round.
- What does Hypercraft do?
- Hypercraft believes in a future where innovators have greater access to the best mobility technologies.
- Where is Hypercraft based and how big is it?
- Hypercraft is based in Provo, Utah, United States. Fundz records about 55 employees.
- Who are the decision-makers at Hypercraft?
- Fundz holds 1 contact at Hypercraft. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Natural Language Processing and Artificial Intelligence around the same time
Companies in the same sectors as Hypercraft that raised within 45 days of this round, from Fundz verified event records.
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