Making Money In Weed: Three Cannabis Operators Get Millions To Expand In Florida, Missouri & Georgia
Making Money In Weed: Three Cannabis Operators Get Millions To Expand In Florida, Missouri & Georgia
AFC Gamma, Inc. (NASDAQ:AFCG) announced on Monday that it has closed a new senior secured credit facility for Private Company Q and expanded its existing senior secured credit facilities for BeLeaf Medical, LLC and Sunburn Cannabis.
AFC Gamma, Inc.（纳斯达克股票代码：AFCG）周一宣布，它已关闭了私人公司Q的新优先担保信贷额度，并扩大了对BeLeaf Medical, LLC和Sunburn Cannabis的现有优先担保信贷额度。
What Happened & Why It Matters
发生了什么及其重要性
AFC said it has committed $11 million, with $4.3 million funded at closing, in a senior secured credit facility to Georgia-based Private Company Q which holds a Class 2 cannabis license. The funds would support the buildout of a cultivation and processing facility and the creation of two new dispensary locations in the Peach State.
亚足联表示，它已承诺向总部位于佐治亚州的持有2类大麻许可证的私人公司Q提供1,100万美元的高级担保信贷额度，收盘时资金为430万美元。这些资金将支持在桃州建造种植和加工设施以及建立两个新的药房。
The Florida-based company also committed an additional $5.5 million under the expansion of BeLeaf Medical, LLC's facility and holds the entire $26.1 million expanded credit facility. AFC Gamma first provided a credit facility of $23 million to BeLeaf in 2021. BeLeaf plans to partially finance the acquisition of two dispensaries in Missouri.
这家总部位于佛罗里达州的公司还承诺在扩建BeLeaf Medical, LLC的设施时再提供550万美元，并持有全部2610万美元的扩张信贷额度。AFC Gamma于2021年首次向BeLeaf提供了2300万美元的信贷额度。BeLeaf计划为收购密苏里州的两家药房提供部分资金。
In addition, AFC said it has committed an additional $1.8 million under the expansion of Sunburn's credit facility and holds the entire $36.5 million expanded credit facility. The funds will partially finance the borrower's buildout of two new dispensaries and additional low-cost cultivation capacity in Florida. Daniel Neville, AFC Gamma CEO, recently said the company has "completed a $34.0 million debt investment in Sunburn Cannabis," during the first quarter of 2024.
此外，亚足联表示，它已承诺在扩大Sunburn的信贷额度下再提供180万美元，并持有全部3650万美元的扩充信贷额度。这些资金将为借款人在佛罗里达州建造两家新药房和额外的低成本种植能力提供部分资金。亚足联伽玛首席执行官丹尼尔·内维尔最近表示，该公司已在2024年第一季度 “完成了对Sunburn Cannabis的3,400万美元债务投资”。
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AFC said it will hold the entire credit facility for BeLeaf, Sunburn and Private Company Q, each of which consists of a first-lien term loan secured by all assets of the respective borrower. AFC Agent LLC served as an agent for these transactions.
亚足联表示，它将持有BeLeaf、Sunburn和Private Company Q的全部信贷额度，每笔信贷额度均包括由相应借款人所有资产担保的第一留置权定期贷款。AFC代理有限责任公司是这些交易的代理人。
Sunburn Cannabis' New Investment From Poseidon
Sunburn Cannabis从波塞冬获得的新投资
Separately, Sunburn announced on Monday that its most recent capital investment from Poseidon, a leading venture capital fund focused on the cannabis industry and an early investor in Sunburn that made its initial investment in 2022.
另外，Sunburn周一宣布，其最新资本投资来自波塞冬。波塞冬是一家专注于大麻行业的领先风险投资基金，也是Sunburn的早期投资者，于2022年进行了初始投资。
In addition, Emily Paxhia, cannabis expert and Poseidon co-founder will join Sunburn's board of managers. The company owns and operates fourteen retail locations in Florida.
此外，大麻专家兼波塞冬联合创始人艾米丽·帕希亚将加入Sunburn的董事会。该公司在佛罗里达州拥有并经营十四个零售点。
"Since our initial investment, Sunburn has become one of the leading players in the Florida cannabis market, continually ranked at or near the top of the state's sales rankings per store for most mg of THC sold as compiled by the Office of Medical Marijuana Use." Paxhia said. "Cannabis isn't easy, and Florida is no exception, especially as established operators compete on pricing strategies. Sunburn has leveraged its authentic story, experienced team, fantastic retail locations, and commitment to high-quality products to catapult themselves into the Florida market and we are excited to further support their growth."
“自从我们最初的投资以来，Sunburn已成为佛罗里达州大麻市场的主要参与者之一，根据医用大麻使用办公室的汇编，该州每家商店销售的大部分四氢大麻酚的销售排名一直处于或接近该州的榜首。”帕希亚说。“大麻并不容易，佛罗里达州也不例外，尤其是在成熟的运营商在定价策略上竞争的时候。Sunburn利用其真实的故事、经验丰富的团队、出色的零售地点以及对高质量产品的承诺，将自己推向了佛罗里达市场，我们很高兴能进一步支持他们的发展。”
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AFCG Price Action
AFCG 价格走势
AFC Gamma's shares traded 0.51% higher at $9.93 per share during the pre-market session on Monday morning.
周一上午盘前交易中，AFC Gamma的股价上涨0.51％，至每股9.93美元。