Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or the “Company”), one of the largest vertically integrated multistate cannabis operators in the United States, announced today that it has entered into a non-brokered credit agreement (the “Credit Agreement”) for a senior secured term loan (the “Senior Loan”) in an initial aggregate principal amount of up to US$100 million, with a mutual option to increase the size of the facility to a maximum of US$200 million.

"Cautiously optimistic" was a common thread during the Highway Transportation Session at the National Industrial Transportation League's 2020 Summit. The NITL 2020 panel discussion Tuesday featured executives from trucking and logistics companies discussing issues such as contract rates, trucking capacity, truck parking, driver retention, delivery demands and hours-of-service regulations.

Thompson Hine LLP has elected nine new partners, effective January 1, 2020. The new partners, located across four of the firm’s offices, represent a broad range of practice areas, including Business Litigation, Business Restructuring, Creditors’ Rights & Bankruptcy, Commercial & Public Finance, Corporate Transactions & Securities, Government Contracts, Privacy & Cybersecurity and Real Estate.

Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that Naseem Sagati Aghili has been appointed to the role of General Counsel and Secretary of Ares, effective January 1, 2020. Ms. Sagati Aghili had served as Co-General Counsel of Ares since 2019 alongside Michael Weiner, who has been appointed as Head of Public Policy & Legislative Affairs.

Crescent Capital Group LP, a leading alternative credit investment firm, announced today that its European Specialty Lending strategy has provided unitranche financing to support the acquisition of Highcare by Bencis. Crescent has also provided an acquisition facility to support Highcare’s ongoing buy and build strategy. Terms of the financing were not disclosed.

Stenn International has closed a six-figure trade receivables finance program for a trading company based in New York that sources photographic paper from Canada. This new financing program is being used to free up working capital to support sales expansion.

Bank of America Business Capital is pleased to announce three new region marketing managers: Bobby Bans in the western region; Peter Langburd in the eastern region; and Steve Pomerantz in the central region. Each will oversee a team of business development officers, who provide asset-based lending solutions and banking products to large and middle market companies, intermediaries and financial sponsors in the United States, Canada and across Europe.

Crescita Therapeutics Inc. (TSX: CTX) (OTC US: CRRTF) ("Crescita" or the "Company"), a commercial dermatology company with manufacturing capabilities and a portfolio of non-prescription skincare products and prescription drug products for the treatment and care of skin conditions, diseases and their symptoms, today announced that it has secured a $3.5 million revolving demand operating credit facility (the "Facility") with the Royal Bank of Canada ("RBC") following the repayment in full of its outstanding long-term debt of $3.6 million owed to Knight Therapeutics Inc.

Hilco Valuation Services Europe and Real Estate Advisory Services UK and Europe are pleased to announce the appointment of Edward Jeffery as Associate Director of the Real Estate Advisory Services department. Mr. Jeffery has over 20 years' experience in valuation, restructuring and insolvency matters across a broad spectrum of real estate classes providing advice to lenders, restructuring and insolvency practitioners and corporates.

Enthusiast Auto Holdings (“EAH”) is a rapidly growing e-commerce platform serving automotive enthusiasts, delivering exceptional high-touch customer service, content creation, new product development, and fulfillment capabilities.

Winter Harbor LLC is pleased to announce the promotion of Jeff Horine to managing director and Nicholas Vara to manager. Shaun Martin, managing partner and founder of Winter Harbor comments, “Our directive is to meet the evolving demands of our clients, while maintaining a high-level of professionalism. Having Jeff and Nicholas step into their new roles at Winter Harbor allows us to continue to provide comprehensive solutions to our clients and their constituents.”

Bibby Financial Services (BFS) North America extended a $2M ABL line to a manufacturing company. The client is a manufacturer of single and multiple-part continuous computer paper and custom business forms.

Siena Lending Group LLC (“Siena”) announces the completion of seven new transactions exceeding $75 million in credit facilities during the fourth quarter of 2019. Siena’s new healthcare finance business closed two of those transactions.

Commercial Finance Partners is pleased to announce that is set a new record in 2019 by facilitating over $117,000,000 in new SBA loans for 2019.

Axiom Bank N.A., a Maitland-based, leading community bank, recently named Susan Maurer as SVP, Market Executive. In this role, Maurer will develop relationships with Axiom’s commercial partners and create opportunities for growth in the Tampa Bay area.

Leading professional services firm Alvarez & Marsal (A&M) announced the appointment of Jonathan Nus as a Managing Director in its Global Transaction Advisory Group (TAG) in New York. Mr. Nus is the latest U.S.-based hire as part of TAG’s significant talent expansion over the last year. As part of TAG’s Capital Markets and Accounting Advisory group, Mr. Nus will advise clients on complex, technical accounting and reporting matters and capital markets transactions. His appointment demonstrates A&M’s continued commitment to servicing evolving client needs.

BMO Harris Bank announced today the hiring of two Vice Chairs, Eric Smith and Michael Morton. Both Morton and Smith will report directly to David Casper, U.S. CEO, BMO Financial Group. Both Morton and Smith will be actively focused on business development, working with customers and all of our constituencies across BMO's lines of business, while also enhancing BMO's brand, market presence and customer experience.

Today Demica, one of the world’s largest working capital Fintechs, announced that it has successfully closed a US$30 million Series C financing round led by Simcah Management LLC.

Maxim Commercial Capital (“Maxim”) announced today it finished 2019 with the busiest December in the company’s eleven-year history and funded 664 loans to small and mid-sized businesses (“SMBs”) during the year. Maxim lends $10,000 to $3,000,000 secured by heavy equipment and real estate to facilitate asset purchases, enhance working capital and to refinance expensive short term debt.

This transaction took 72 days from start to finish and included coordination with an incumbent bank, suppliers, field auditors, attorneys, accountants, and software providers. SMB Compass replaced a multi-year banking relationship with a growth facility that will enable its client to expand into new markets, hire additional employees, and achieve their revenue targets. Gemino Healthcare Finance provided the client with certainty of execution, and ultimately delivered.