![CURE Pharmaceutical [OTCQB: CURR] Takes First Step To Secure Hemp CBD Supply Chain by Partnering with Fytiko FarmsÂ](https://www.investinweed.com/wp-content/uploads/Cure-Pharmaceutical-627x376.png)
The deal gives CURE direct, guaranteed access to high-quality plant material for exclusive use in its proprietary oral thin film (OTF) drug delivery system, CUREfilm®.
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Farmers have planted nearly 300 acres of hemp, which is expected to result in approximately 100,000 kilograms of hemp biomass.
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The syndicated senior debt facility will be for $71.5 million for a three-year term together with a BMO $12.5 million leasing facility.
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The Company will pay to ReLyfe an aggregate amount of $3,000,000 USD in the form of common shares in the capital of the Company.
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The company expects to receive cash proceeds of approximately $266 million USD, subject to closing adjustments.
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