Blank Rome Represents Needham Bank in Providing $50 Million Revolving Credit Facility to Cresco Labs

A Blank Rome team represented Needham Bank in providing a $50 million revolving credit facility to Cresco Labs, Inc. (CSE: CL) (OTCMKTS: CRLBF) (“Cresco”), a leading provider of consumer cannabis products. The new revolving line of credit will support Cresco’s ongoing working capital needs and mergers and acquisitions activity.

For more information on this transaction, please read the press release: Cresco Labs Closes US$50 Million Revolving Credit Facility with Needham Bank (June 8, 2026).

The Blank Rome team was led by Frank A. Segall, chair of Blank Rome’s Cannabis industry team, who arranged and structured the loan for the parties and closed it on behalf of Needham Bank with Gustav Stickley V, Caitlin E. Barrett, Nicoline Cu, Jaleh R. Najafali, and Carol A. Gershon.