AFC Gamma Expands Existing Credit Facilities With Verano, Devi And Natrabis

AFC Gamma, Inc. AFCG has expanded its senior credit facilities with three different borrowers: Verano Holdings Corp. VRNOF VRNO, Devi Holdings Inc., doing business as Nature’s Medicines and Natrabis LLC , doing business as SocietyC.

“At AFC Gamma, we aim to build long-lasting relationships, working closely with our borrowers as they grow their businesses,” said Leonard Tannenbaum, AFC Gamma’s CEO.

“We are pleased to have expanded upon our existing credit facilities with three strong borrowers to provide additional capital as they expand their businesses in new and existing states. We continue to believe that AFC Gamma is the premier relationship cannabis lender in the industry and our unique hold size provides us with the ability to expand the loans of existing borrowers in an expedited manner,” Tannenbaum added.

AFC Gamma has committed an additional $26.6 million under the expansion to Verano’s credit facility, and now holds $86.6 million in total of the expanded credit facility, and an additional $15 million of the expansion was syndicated to an affiliate.

AFC Gamma has committed an additional $15.3 million under the expansion to Nature’s Medicines credit facility, and now holds $77.8 million in total of the expanded credit facility, and an additional $1.0 million of the expansion was syndicated.

AFC Gamma has committed an additional $5.0 million under the expansion to Natrabis’ facility, and now holds the entire $15.5 million expanded credit facility.

Benzinga Cannabis Capital Conference Coming Soon

Meet Leonard M. Tannenbaum in person at the Benzinga Cannabis Capital Conference in Miami. There’s still time to sign up for the event that will host many top names in the cannabis industry. Click here for more info.

Posted In: CannabisNewsSmall CapMarketsDevi Holdings Inc.Leonard M. TannenbaumNatrabis LLC
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

The Benzinga Cannabis Capital Conference is coming to Florida

The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.

Get your tickets now on bzcannabis.com – Prices will increase very soon!


Loading...