Twitter Facebook LinkedIn YouTube

New Listing: Trichome Financial Corp. (TSXV:TFC)

Video Platform Video Management Video Solutions Video Player

Trichome Financial is a specialty finance company focused on providing flexible and creative credit solutions to the global legal cannabis market. The company was created to address the lack of credit availability in the large, growing and increasingly complex cannabis market.

Additional Information:

Company: Trichome Financial Corp
Website: http://www.trichomefinancial.com
Stock Symbol: TSXV: TFC
Date Published: Oct 11, 2019
Transcript: Available

Video Transcript:

I’m Erica James for Investmentpitch Media

Trichome Financial corp. is one of the latest new listings on the TSX Venture Exchange, trading under the symbol “TFC”, following its qualifying transaction with Capital Pool Company 22 Capital Corp.

Trichome Financial is a specialty finance company focused on providing flexible and creative credit solutions to the global legal cannabis market.

The company was created to address the lack of credit availability in the large, growing and increasingly complex cannabis market.

Founded by industry leaders Origin House and Stoic Advisory, Trichome Financial's experienced management team has a unique edge to capitalize on proprietary deal flow and industry insight while developing a first mover advantage as a global cannabis focused specialty finance company.

The company provides customized financing solutions across the industry value chain to support growth, capital expenditures, mergers, acquisitions, working capital and other needs.

Leveraging the combined resources and knowledge of its founders, it is able to offer significant value-added financial, product, market and operational support to its partner companies.

Michael Ruscetta, CEO, stated: "Trichome Financial was established to address the lack of credit availability in the high-growth and rapidly evolving global cannabis sector. With the increasing demand for capital across the cannabis value chain and the limited supply of flexible capital, Trichome Financial identified an opportunity to address an unmet need that would provide shareholders with highly attractive returns on both an absolute and risk-adjusted basis. We are providers of solution capital, helping clients to capitalize on opportunities and meet the challenges of this evolving industry. As cannabis is legalized in new markets around the world and existing players mature, we believe the market for Trichome Financial's credit products will continue to grow. With the experience of our founders and management team, we are in an excellent position to capitalize on this opportunity."

The company commenced operations in May 2018 and has raised approximately $35 million in two rounds of equity financing.

To date, the company has closed six credit transactions and constructed a portfolio of secured loans which provide a weighted-average contractual effective cash interest yield of approximately 14.5% plus potentially meaningful upside through warrants.

It has also signed term sheets for three other opportunities and established a robust pipeline of near-term opportunities for capital deployment.

The shares are trading at $1.38.

For more information, please visit the company’s website www.trichomefinancial.com, contact Michael Ruscetta, CEO, at info@trichomefinancial.com.

Investor relations is handled by Marc Charbin of LodeRock Advisors, who can be reached at 416-467-5229 or by email at marc.charbin@LodeRockAdvisors.com.

I’m Erica James for Investmentpitch Media