09:23 AM EDT, 10/14/2025 (MT Newswires) -- Curaleaf Holdings ( CURLF ) , an international provider of consumer cannabis products, that saw its shares drop 8.8% in Canada last Friday, before the holiday weekend, entered Tuesday into an amended and restated credit agreement with Needham Bank of its revolving credit facility, expanding the borrowing capacity from US$40 million to $100 million and extending the maturity to up to five years.

A statement noted that the upsized secured revolving credit facility has an initial term of one year and bears interest on any outstanding principal of 7.99%.

The company added that the facility is subject to extension for up to five years with a rate step up to 8.99% in the event of the company refinancing the senior note facility due 2026.

Curaleaf ( CURLF ) said it plans to draw on the credit facility to pay a minimum of $50 million of its remaining, higher interest-bearing, acquisition related debt while also maintaining ample capacity to support working capital needs.

"This first of-its-kind transaction of this scale in the cannabis industry was backed by the direct support and strong conviction of our lenders in our business and future," said Curaleaf's ( CURLF ) chief financial officer Ed Kremer.

"This strengthened capital position will be key to advancing our growth initiatives, enhancing operational capabilities, and preserving financial flexibility during this critical phase of industry transformation."