Nick Kovacevich

Nick Kovacevich

KushCo Holdings Inc. (OTC: KSHB) secured a $50 million line of credit from Monroe Capital LLC in Chicago.

70% of the funds are available immediately; the rest subject to compliance and borrowing base availability.

Fund will help the cannabis packaging company expand into retail services, among other efforts, according to CEO Nick Kovacevich.

For more on KushCo’s backers see the Sept. 9 print edition of the Business Journal.