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WATERFALL, Pa., Dec. 21, 2020 /PRNewswire/ -- CapStone Holdings, a business incubator and investment group, today announced a $25 million investment in TerrAscend's Ilera Healthcare Division, a vertically-integrated medical marijuana cultivator, processor, and dispensary operator in Pennsylvania.
CapStone is one of a group of investors in a $120 million loan facility to enable Ilera's parent company – TerrAscend Corp. (CSE: TER;OTCQX: TRSSF) – to satisfy the final Ilera Healthcare earn-out payments, in connection with TerrAscend's acquisition of Ilera Healthcare, without the need for additional external funding.
Ilera and TerrAscend...is comprised of business leaders with decades of global management and finance experience.