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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.