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.（纳斯达克：AFCG）周一宣布，已向马里兰州一家垂直整合的大麻运营商承诺并提供了4100万美元的高级担保信贷设施。
The Florida-based company's move represents its second transaction with Story of Maryland, LLC.
这家总部位于佛罗里达的公司的举动代表了其与Story of Maryland, LLC的第二笔交易。
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的首席执行官丹尼尔·内维尔表示，该公司已超额完成了2024年1000万美元的新授信目标。他称Story MD为“大麻3.0贷款机会的绝佳案例”。
"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.
内维尔表示：“这是一个经过验证的团队，懂得如何在大麻行业中扩张和运营，我们对支持他们持续增长感到非常兴奋。”
Story MD plans to use the proceeds from the credit facility to refinance existing debt and provide working capital.
Story MD计划利用信贷设施的收益来偿还现有债务并提供营运资金。
Read Also: AFC Gamma Inc. Q2 Earnings and Revenues Surpass Estimates
阅读更多：AFC Gamma Inc.第二季度盈利和收入超过预期
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- 订阅Benzinga独家分析和关于大麻行业和市场的头条资讯，每天都可以免费收到。在这里订阅我们的新闻简报。如果您对业务认真的话，不能错过。
"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."
这次融资进一步增强了Story的资产负债表，提供了额外的营运资本，使Story能够资助额外的增长计划，"Story大麻股的CEO Jason Vedadi表示。"Story感谢AFC提供这个机会，期待与AFC一起合作，鉴于AFC在该行业中的验证记录和成熟经验。
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的整个信贷额度。这包括由借款人的房地产和马里兰州的大麻许可证及运营价值担保的第一抵押期限贷款。
AFC is a commercial mortgage REIT specializing in loans to state-compliant cannabis operators.
AFC是一家专门为符合州内法规的大麻运营商提供贷款的商业抵押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.
上个月，它宣布了第三季度股息。董事会宣布每股普通股股息为0.33美元，将于2024年10月15日支付给截至2024年9月30日持股人。该公告标志着AFC Gamma分拆后的首次股息发放。
- Making Money In Weed: Three Cannabis Operators Get Millions To Expand In Florida, Missouri & Georgia
- 大麻股赚钱：三家大麻经营者筹措数百万美元以在佛罗里达州，密苏里州和乔治亚州拓展业务。
AFCG Price Action
AFCG 价格走势
AFC Gamma's shares traded 0.51% higher at $9.91 per share at the time of writing on Monday.
AFC Gamma的股价在周一写作时以每股9.91美元的价格上涨0.51%。
