Advanced Flower Capital (AFCG) has committed and funded a $15 million senior secured credit facility to Story of Ohio, the Ohio subsidiary of Story Companies, a privately held multi-state operator of cannabis cultivation and retail facilities. Story intends to use the proceeds from the loan to acquire and build out dispensaries in Ohio. AFC will hold the entire credit facility, which consists of a first-lien term loan secured by all of Story of Ohio’s assets, including the value of its cannabis licenses and its owned real estate in both Ohio and Georgia, which is initially included as additional collateral. AFC Agent served as agent for this transaction.
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