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Altmore Capital’s Innovative Approach to Financing Transformational Projects in the Booming U.S. Cannabis Industry

State-regulated U.S. cannabis is one of the fastest growing CPG markets in the United States. With a low correlation to the macroeconomy, the industry has grown to $30 billion and is expected to grow 11.2% per annum through 2027 to eclipse $44.5 billion in sales (BDSA). This is despite the lack of growth capital available to operators in the industry. As of October 2023, capital raises for cultivation and retail facilities are down 74.7% from 2022, and debt accounts for over 74% of capital raised (Viridian).

Altmore Capital has been investing private debt in U.S. cannabis for six years. Altmore’s senior debt strategy optimizes downside protection in a high-growth, nascent industry while targeting equity-like returns. At the top of the capital stack, the senior-debt strategy allows investors to weather volatility, generate a regular cash return, and share in the upside with warrants. Because of the dislocation of capital in U.S. cannabis, the limited capital that gets put to work is for transformational projects and acquisitions. Those that receive financing for these accretive projects can capture market share and quickly de-lever their balance sheets.

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