Cyanotech completes $5.5M loan to support growth

Cyanotech Corp., a world leader in microalgae-based, high-value nutrition and health products, has completed a long-term loan agreement with Pacific Rim Bank in Honolulu, Hawaii, providing for $5,500,000 in aggregate credit facilities. The loan proceeds will be used to finance capital improvements, which include new equipment to be used in the processing of its natural astaxanthin and the addition of new administration and warehouse buildings at its Kona, Hawaii, facility.

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