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.

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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.