“We are excited to support and partner with this borrower as they continue to build upon their existing business by expanding into a new state.
AFC will hold the full $13 million of the credit facility, which consists of a first-lien term loan that can be drawn upon over the course of a one-year period primarily for real estate acquisitions and construction.
Since the program launched in October, sales in Missouri have hit almost $25 million with 90,000 registered patients as of March 30, 2021.
is an institutional lender to leading cannabis companies with strong operations and cash-flow prospects, real-estate-security and other collateral, and locations in states with favorable supply/demand fundamentals and legislative environments.
Certain factors, including the borrower failing to complete the construction described above, an unfavorable change in the regulations of the cannabis industry and other important risks and uncertainties discussed under the caption “Risk Factors” in our final prospectus filed with the U.S.