LOS ANGELES–(Enterprise WIRE)–Treehouse Actual Estate Investment Trust, Inc. (“Treehouse” or the “Company”) announced nowadays that it has completed its private placement of two,067,274 shares of its popular stock for aggregate gross proceeds of about $45.five million. Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Monetary Solutions Inc. (NYSE American: LTS), Compass Point Study & Trading, LLC, and Northland Securities, Inc. acted as the placement agents for the private placement. The Corporation also announced nowadays that it has executed a term sheet with a federally-insured industrial bank for a debt facility.
“Treehouse is excited to announce an additional capital raise as effectively as executing a term sheet for a future debt facility from a federally-insured industrial bank,” stated Brian Kabot, Steady Road Capital Chief Investment Officer and Treehouse Board Member. “The further proceeds we’ve received increases our capital base to continue executing cannabis-associated true estate acquisitions in a scaled manner. Our debt facility term sheet is not only a major step for Treehouse, but a major step for the entire sector. We are witnessing federally-regulated lenders enter the cannabis sector and we couldn’t be far more excited to be a portion of it.”
In addition to the private placement, the Corporation has also signed a term sheet for a debt facility with a federally-insured industrial bank. The planned debt facility expects to carry a six.1% interest price more than a 5-year term and expects to supply accretive financing for Treehouse to effectively handle its balance sheet.
The Corporation intends to use the net proceeds from the private placement and debt facility to fund further cannabis true estate acquisitions across the U.S., which is estimated to produce $80 billion in cannabis sales by 2030 according to Cowen, Inc. The Corporation will seek to continue acquiring true estate across numerous recreational and health-related cannabis states, which includes Arizona, California, Florida, New York and Nevada, with a concentrate on retail-associated properties.
This press release does not constitute an present to sell or a solicitation of an present to invest in the popular stock or any other securities of the Corporation.
Treehouse Actual Estate Investment Trust, Inc. is a newly-organized, externally managed true estate investment enterprise focused on the acquisition, ownership and management of specialized retail and industrial properties leased to skilled, state-licensed operators for their regulated adult-use and health-related-use cannabis facilities. Check out http://www.TreehouseREIT.com to understand far more.
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Supply: Treehouse Actual Estate Investment Trust, Inc.