Cannabis-Focused Commercial Mortgage REIT Exceeds $100M In New Originations With $41M Credit Facility For Maryland Marijuana Operator
Cannabis-Focused Commercial Mortgage REIT Exceeds $100M In New Originations With $41M Credit Facility For Maryland Marijuana Operator
"This is a proven team that knows how to scale and operate in cannabis, and we couldn't be more excited to support their continued growth," Neville said.AFC Gamma, Inc. (NASDAQ:AFCG) announced on Monday that it has committed and funded $41 million to a senior secured credit facility a vertically integrated cannabis operator in Maryland.
AFC Gamma, Inc.（納斯達克：AFCG）週一宣佈，已向馬里蘭州一家垂直整合的大麻運營商承諾並提供了4100萬美元的高級擔保信貸設施。
The Florida-based company's move represents its second transaction with Story of Maryland, LLC.
這家總部位於佛羅里達的公司的舉動代表了其與Story of Maryland, LLC的第二筆交易。
Daniel Neville, CEO of AFC said that the company has exceeded its 2024 goal of $100 million in new originations. He called Story MD "a great example of the Cannabis 3.0 lending opportunities."
AFC的首席執行官丹尼爾·內維爾表示，該公司已超額完成了2024年1000萬美元的新授信目標。他稱Story MD爲「大麻3.0貸款機會的絕佳案例」。
"This is a proven team that knows how to scale and operate in cannabis, and we couldn't be more excited to support their continued growth," Neville said.
內維爾表示：「這是一個經過驗證的團隊，懂得如何在大麻行業中擴張和運營，我們對支持他們持續增長感到非常興奮。」
Story MD plans to use the proceeds from the credit facility to refinance existing debt and provide working capital.
Story MD計劃利用信貸設施的收益來償還現有債務並提供營運資金。
Read Also: AFC Gamma Inc. Q2 Earnings and Revenues Surpass Estimates
閱讀更多：AFC Gamma Inc.第二季度盈利和收入超過預期
- Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter here. If you're serious about the business, you can't afford to miss out.
- 訂閱Benzinga獨家分析和關於大麻行業和市場的頭條資訊，每天都可以免費收到。在這裏訂閱我們的新聞簡報。如果您對業務認真的話，不能錯過。
"This financing further strengthens Story's balance sheet by providing additional working capital and allows Story to fund additional growth initiatives," Jason Vedadi, CEO of Story Cannabis said. "Story is grateful to AFC for offering this opportunity, and Story looks forward to working together given AFC's proven track record and sophistication in the industry."
這次融資進一步增強了Story的資產負債表，提供了額外的營運資本，使Story能夠資助額外的增長計劃，"Story大麻股的CEO Jason Vedadi表示。"Story感謝AFC提供這個機會，期待與AFC一起合作，鑑於AFC在該行業中的驗證記錄和成熟經驗。
AFC said that it holds the entire credit facility for Story MD. It consists of a first-lien term loan secured by the borrower's real property and the value of its cannabis licenses and operations in Maryland.
AFC表示，它持有Story MD的整個信貸額度。這包括由借款人的房地產和馬里蘭州的大麻許可證及運營價值擔保的第一抵押期限貸款。
AFC is a commercial mortgage REIT specializing in loans to state-compliant cannabis operators.
AFC是一家專門爲符合州內法規的大麻運營商提供貸款的商業抵押REIt。
Last month it announced its third-quarter dividend. The board declared a dividend of $0.33 per common share, payable on Oct. 15, 2024, to stockholders of record as of Sept. 30, 2024. The announcement marked AFC Gamma's first dividend post-spin-off.
上個月，它宣佈了第三季度股息。董事會宣佈每股普通股股息爲0.33美元，將於2024年10月15日支付給截至2024年9月30日持股人。該公告標誌着AFC Gamma分拆後的首次股息發放。
- Making Money In Weed: Three Cannabis Operators Get Millions To Expand In Florida, Missouri & Georgia
- 大麻股賺錢：三家大麻經營者籌措數百萬美元以在佛羅里達州，密蘇里州和喬治亞州拓展業務。
AFCG Price Action
AFCG 價格走勢
AFC Gamma's shares traded 0.51% higher at $9.91 per share at the time of writing on Monday.
AFC Gamma的股價在週一寫作時以每股9.91美元的價格上漲0.51%。
