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BMO agrees to supply Aurora Cannabis with C$200M Loan — the biggest within the cannabis industry thus far

BMO agrees to supply Aurora Cannabis with C$200M Loan — the biggest within the cannabis industry thus far

Bank of Montreal (BMO) is supplying Aurora Cannabis Inc. with C$200 million ($150 million) with debt funding, marking the biggest loan yet become extended to your cannabis industry.

The debt center is composed of a C$150-million term loan and a C$50-million credit that is revolving, both of that will grow in 2021.

By stepping into this funding cope with Aurora Cannabis, Bank of Montreal is cementing its place as the utmost aggressive on the list of major banks in Canada. It may be recalled that in might, Bank of Montreal recommended Aurora Cannabis on its C$2.9-billion all-stock bid to get MedReleaf Corp. Read more »