BGP/Craft 1861 enters into additional line of credit with Brott

Chicago, Feb. 28 – BGP Acquisition Corp. which just changed its name to Craft 1861 Global Holdings Inc. announced an amendment to its credit facility with Brott Ltd., according to a press release.

The company recently completed a private placement in the amount of $100 million on Oct. 22, 2022.

The line of credit agreement and line of credit promissory note has been expanded by $900 million on the same terms and conditions of the original facility for a total of $1 billion.

Proceeds will fund Craft’s ongoing operations and working capital needs.

Craft 1861 Global is a U.S.-based cannabis company that seeks to make it a mainstream component of health and wellness lifestyles.

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