On May 29th, 2019, Bridging Finance Inc. (“Bridging”), a mid-market alternative financier, completed its US$50 million senior secured financing of Harvest Group of Companies, making this transaction one of the very few senior secured financings of a cannabis company.
Founded in 2012, Bridging, a privately held Canadian company, provides middle-market Canadian companies with alternative financing options to those offered by traditional lenders. The money deployed by Bridging is used to address short-term needs, including restructuring existing debt, providing working capital for growth, as well as supporting inventory purchases, capital expenditures and acquisitions/buyouts..
Miller Thomson advised Bridging with respect to this financing with a team that includes Kenneth Rosenstein and Ethan Campbell (Financial Services).
