Cannabis REIT Aventine Property Group Raises $100 Million From Single Investor

The net proceeds from the offering will primarily be used to acquire and develop licensed cannabis real estate assets, including both retail dispensaries and specialized industrial cultivation and production facilities, throughout the United States.

Upon an initial public offering of the Company’s common stock, the Notes will mandatorily convert into common stock at the time of such offering.

This capital raise is a transformative step for Aventine that validates our spin-off at the beginning of this year.

The issuance of the Notes was not registered under the Securities Act of 1933, as amended of the Securities Act.

The Company owns nine retail dispensaries and specialized industrial cultivation and production facilities leased to six leading operators, geographically diversified across seven states.

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