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Sadis & Goldberg LLP Represented Bitfarms Ltd. in a $20M Loan Financing Deal with Dominion Capital

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A team of Sadis attorneys led by Partner Paul J. Marino represented Bitfarms Ltd. (“Bitfarms”) in a $20,000,000 strategic debt financing (the “Loan Financing”) which was provided by New York-based Dominion Capital LLC (“Dominion”) and will be made available in four $5,000,000 tranches tied to the ongoing satisfaction of customary covenants and various milestones, including Bitfarms’ infrastructure build-out and associated mining hardware purchases. For more about the deal, click on the link below. https://www.apnews.com/Business%20Wire/a7f91338101248b18059ad859b9f44a8.

Sadis’s deal team consisted of Mr. Marino and Robert Cromwell (Counsel). Peterson McVicar LLP and Blake, Cassels & Graydon S.E.N.C.R.L./s.r.l served as Canadian legal counsel to Bitfarms Ltd. Dentons US LLP served as legal counsel to Dominion.

“The transaction required a great deal of sophistication and understanding of both the credit and cryptocurrency space, and our team, led by Robert, did a great job,” said Mr. Marino.

“We were proud to offer Bitfarms the highest level of service and support as they expand their business,” said Mr. Cromwell.

Bitfarms Ltd. is one of the largest blockchain technology companies in the world through its ownership of Backbone Hosting Solutions Inc. (operating under the name “Bitfarms”), building innovative and efficient infrastructure to support the decentralized financial economy. The Loan Financing will help to fund Bitfarms’ ongoing operational expansion.

 

SOURCE Sadis & Goldberg LLP


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CCELL®

CCELL Launches Environmentally Conscious Eco Star AIO Vaporizer

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SHENZHEN, China, April 15, 2024 /PRNewswire/ — CCELL®, the world’s leading technology brand focused on creating trendsetting vape hardware products and advanced vaporization technology, today announced the launch of the Eco Star, the company’s all-in-one vaporizer focused on sustainability, wide-ranging oil compatibility, and ease of use.

The Eco Star’s casing material is made of biodegradable and plant-based PLA, a material that can be decomposed by bacteria or other living organisms. By adopting this type of eco-friendly casing, CCELL seeks to provide an option that can reduce the cannabis industry’s overall environmental impact and build a more sustainable society.

Built within the casing is a removable and recyclable lithium-ion battery. This thoughtful pull-apart design allows consumers to easily remove the battery before disposing of the casing, empowering them to contribute towards a greener Earth.

The Eco Star also features complete compatibility with all types of cannabis oils, clog-free dual air vents, and an isolated airway that ensures the cleanest possible vapor.

With increasing environmental challenges worldwide and tightening regulations on vape products, the Eco Star was introduced with the intention of raising environmental awareness across the industry.

The company has also implemented other measures to align its practices with its long-standing sustainability-focused values. These include offering biodegradable and plant-based PLA mouthpieces among its customization options. Additionally, the company uses energy-efficient aqueous processing in producing its patented ceramic heating cores to reduce greenhouse gas emissions.

Before the product’s official launch, CCELL provided their customers and consumers with an early look at the Eco Star at TPE24 and Hall of Flowers Ventura in the US, and Spannabis Barcelona in Spain.

Disclaimer for battery disposal: CCELL does not recycle lithium-ion batteries. Battery recycling requirements may vary by country, city, etc. Please contact your local recycling center for more details before disposal.

About CCELL®

CCELL® is a technology brand and global innovator in the portable vaporizer space that revolutionized the industry by introducing the ceramic heating component. CCELL® was born in the headquarters of Shenzhen Smoore Technology Limited, which has more than 10 years of expertise in the vaporization industry. With advanced R&D resources, patented technologies, strong production capabilities, and reliable quality control systems, CCELL® is recognized around the world for its exceptional vaporization technology and top-quality devices.

Learn more about CCELL® at www.ccell.com as well as on LinkedIn, Instagram, Facebook, Twitter, and YouTube.

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Cision View original content:https://www.prnewswire.co.uk/news-releases/ccell-launches-environmentally-conscious-eco-star-aio-vaporizer-302116454.html

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