AFC Gamma Provides Sunburn Cannabis with a Total of $34.0 Million Across Senior Secured Credit Facilities
AFC Gamma, Inc. (AFCG)
Company Research
Source: GlobeNewswire
WEST PALM BEACH, Fla., March 26, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma” or the “Company”) today announced that it has provided a total of $34.0 million in debt capital across two senior secured credit facilities to High End Holdings, LLC and Green Sentry Holdings, LLC d/b/a Sunburn Cannabis (“Sunburn”), a private, vertically integrated, single-state Florida operator. Sunburn intends to use the proceeds from the credit facilities to refinance existing debt, provide working capital, and build additional cultivation and processing facilities and new retail dispensaries in its business plan. “Since entering the Florida market in 2022, Sunburn has continually increased its market share ranking in the top 5 of Florida operators year-to-date based on product sold per dispensary1,” said Daniel Neville, the Company’s Chief Executive Officer. “Brady and the Sunburn team are an example of the Cannabis 3.0 lending opportunities that we are excited to finance. This
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AFCG
News
- Insider Stock Buying Reaches US$2.26m On AFC Gamma [Yahoo! Finance]Yahoo! Finance
- AFC Gamma, Inc. Schedules First Quarter 2024 Earnings Conference Call for May 9, 2024GlobeNewswire
- New Strong Sell Stocks for April 9th [Yahoo! Finance]Yahoo! Finance
- AFC Gamma Provides Sunburn Cannabis with a Total of $34.0 Million Across Senior Secured Credit Facilities [Yahoo! Finance]Yahoo! Finance
- Retail investors account for 46% of AFC Gamma, Inc.'s (NASDAQ:AFCG) ownership, while institutions account for 32% [Yahoo! Finance]Yahoo! Finance
AFCG
Earnings
- 3/7/24 - Miss
AFCG
Sec Filings
- 4/9/24 - Form ARS
- 4/9/24 - Form DEFA14A
- 4/9/24 - Form DEF
- AFCG's page on the SEC website