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BRIEF-Westleaf Receives Additional $5.7 Mln Of Capital From ATB Financial

Published 2019-10-02, 08:12 a/m
© Reuters.  BRIEF-Westleaf Receives Additional $5.7 Mln Of Capital From ATB Financial

Oct 2 (Reuters) - Westleaf Inc WL.V :

* WESTLEAF RECEIVES ADDITIONAL $5.7 MILLION OF CAPITAL FROM ATB FINANCIAL

* WESTLEAF INC - INCREASED ITS TERM LOAN ON PLANT, ITS FULLY COMPLETED EXTRACTION, MANUFACTURING AND PRODUCT FORMULATION FACILITY, BY $2.7 MILLION

* WESTLEAF INC - CO WILL USE ADDITIONAL CAPITAL TO OPERATIONALIZE ITS EXTRACTION & MANUFACTURING FACILITY

* WESTLEAF - CREDIT FACILITY FOR CONSTRUCTION OF CO'S CULTIVATION FACILITY IN BATTLEFORD AMENDED TO REDUCE ITS RESTRICTED CASH REQUIREMENT BY $2.0 MILLION

* WESTLEAF INC - INTENDS TO PROVIDE FOR ADDITIONAL START-UP CAPITAL FOR PLANT

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