A Locke Lord team led by
Jason Ulezalka (New York) and
Brian Raynor (Chicago) represented Green Ivy Capital, LLC, a specialty finance company focused on making investments in the cannabis industry, in a $30 million senior secured term loan facility arranged for Verano Holdings, LLC, a Chicago-based cannabis company with a current footprint covering 12 U.S. states. Green Ivy Capital is an affiliate of the Chicago Atlantic Group, an asset management firm specializing in private credit investments. The loan proceeds will be used by Verano to fund future acquisitions and expansions. Additional assistance was provided by
Sam Stempel (Chicago) and
Christine McCay and
Heather Stone (both of Boston).
Posted on July 9, 2020