Cookies are used in this process, and deleting cookies could remove this website's referral linking credits. The PAID advertisements linked to Amazon on this site are through Amazon Associates program and Good Acts LLC is an Affiliate Marketing specialist listing products used in growing soils. There is ZERO affiliation with any cannabis business in any state, as this is simply a directory type web space, listing cannabis related businesses that have publicly listed information according to their own state's public information, or self submitted information, which will be listed on the post itself. With over 100 years of combined cannabis experience on the executive team, the company is composed of experienced cannabis professionals and alumni from some of the cannabis industry’s most influential and impactful brands.This website, is a privately owned entity by Good Acts LLC. holds multiple licenses across 8 states, including California, Illinois, Pennsylvania, Massachusetts, New Jersey, Michigan, Missouri, and Utah. continues to garner attention for its growing community of loyal customers. With an expertly curated collection, and an attainable price point, Justice Cannabis Co. offers products and dispensary experiences thoughtfully developed to aid in the daily journey of feeling better. Founded on the premise of ‘cannabis made good, that does good to make you feel good,’ the Justice team has a long-standing and impressive reputation for their social justice commitments, quality products, unique dispensaries and a modern approach to service. Through its retail brand, Bloc Dispensary, Justice Cannabis Co.
They cultivate, manufacturer and distribute high-quality cannabis products to a variety of customers, and patients across the United States. They are a full-service, vertically-integrated cannabis business. cannabis industry for over 7 years and garnered attention for all the right reasons. (formerly known as Justice Grown), has been a steady force amongst the U.S. The senior-management team of the company has over 100 years of combined experience in investment management and disciplined credit investing across a range of economic cycles. AFC Gamma’s platform provides innovative and customized financing solutions through first-lien loans, mortgage loans, construction loans and bridge financings. (NASDAQ:AFCG) is an institutional lender to leading cannabis companies with strong operations and cash-flow prospects, real-estate-security and other collateral, and locations in states with favorable supply/demand fundamentals and legislative environments. AFC Management, LLC served as Agent for the transaction.ĪFC Gamma, Inc. The loan is secured by a first-lien mortgage on Justice Cannabis Co.’s owned real-estate in New Jersey and Pennsylvania and other commercial-security interests. AFC Gamma now holds a total of $65.4 million of the $75.4 million expanded credit facility. “It is refreshing to have a capital partner that understands the dynamic nature of the cannabis industry and can anticipate and meet our capital needs.”ĪFC Gamma has committed an additional $43.4 million under Justice Cannabis Co.’s expanded credit facility, with $10.0 million syndicated to an affiliate.
throughout our partnership, and we are pleased to have the opportunity to utilize their flexibility and lending capabilities to support our next chapter of growth,” said Jon Loevy, Co-Founder of Justice Cannabis Co. “AFC Gamma continues to be a great asset to Justice Cannabis Co. has one of the best license stacks for a multi-state operator and are proud to further our partnership with them in Pennsylvania and New Jersey, two states with favorable supply and demand dynamics. Tannenbaum, AFC Gamma’s Chief Executive Officer We are committed to the long-term success of our borrowers, and today’s announcement demonstrates AFC Gamma’s ability to support existing borrowers’ capital needs as they seek to expand their businesses and achieve new strategic objectives. with additional capital to purchase assets and develop its operations in New Jersey, further develop its Pennsylvania cultivation facility and refinance existing debt.
The credit facility expansion is designed to provide Justice Cannabis Co.
(NASDAQ:AFCG) (“AFC Gamma”) today announced that it has expanded its senior credit facility by $53.4 million, to $75.4 million in total commitments to Justice Cannabis Co., a Chicago-based multi-state operator with licenses in eight states. 04, 2021 (GLOBE NEWSWIRE) - AFC Gamma, Inc. AFC Gamma Commits $65.4 Million of a $75.4 Million Expanded Credit Facility.Supports Continued Growth of Justice Cannabis Co.AFC Gamma Expands Senior Secured Credit Facility with Justice Cannabis Co.
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