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Benzinga
Benzinga
Business
Jelena Martinovic

Bloom Montana Raises $11M To Scale Business As Cannabis Sales Surge In First Month Of Rec Use

Vertically integrated cannabis company Bloom Montana has closed an $11 million debt financing with Altmore Capital, a senior debt lender focused on the US cannabis industry.

The proceeds will be used to fund the completion of a new cultivation facility, further retail expansion and general business purposes as the state begins its transition to recreational use.

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