Blank Rome has announced they represented Needham Bank in upsizing a revolving credit facility to Curaleaf Holdings, Inc., a leading international provider of consumer cannabis products, from $40 million to $100 million and extending the maturity to up to five years. This is the largest revolving credit facility in the U.S. cannabis sector to date. 

Frank A. Segall, co-chair of Blank Rome’s national Cannabis practice said, “Needham Bank has pioneered commercial lending in the cannabis industry and this uniquely structured credit facility for Curaleaf—truly one of the leading players in the cannabis industry—which will continue to enable Curaleaf to being a dominant industry leader as it gains institutional acceptance. It was a privilege to assist Needham Bank and Curaleaf in forging this partnership and structuring this facility.” 

Read full press release here.