AFC Gamma provides new senior secured facility, expands existing facilities

AFC Gamma has closed a new senior secured credit facility for Private Company Q and expanded its existing senior secured credit facilities for BeLeaf Medical and Sunburn Cannabis. These transactions underscore Advanced Flower Capital’s commitment to supporting the growth of its borrowers by providing timely, flexible and tailored financing solutions. AFC has committed $11 million, with $4.3 million funded at closing, in a senior secured credit facility to Private Company Q, a Georgia-based operator holding a Class 2 cannabis license. The funds will be utilized towards the buildout of a cultivation and processing facility and to establish two new dispensary locations in Georgia. This credit facility will support Private Company Q in expanding its operations within the state, furthering its ability to serve the growing medical cannabis market. AFC has committed an additional $5.5 million under the expansion of BeLeaf’s facility and holds the entire $26.1 million expanded credit facility. The additional funds will be used to partially finance the acquisition of two dispensaries in Missouri, increasing the borrower’s vertical integration in the state. The terms of the credit facility remain consistent with the original agreement. AFC 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 additional funds will partially finance the borrower’s buildout of two new dispensaries and additional low-cost cultivation capacity in Florida. The terms of the credit facility remain consistent with the original agreement.