Florida-based cannabis business real estate lender AFC Gamma loaned an additional $30 million to Arizona-headquartered multistate marijuana operator Devi Holdings, which does business as Nature’s Medicines.
Nature’s Medicines operates cannabis dispensaries in Arizona, Maryland, Massachusetts, Michigan and Pennsylvania, according to its website, with a pending location in Missouri. The company also cultivates cannabis.
AFC Gamma said in a Monday news released that $20 million more went to expanding the credit facility, with $10 million “syndicated to an affiliate.”
To read more, click on https://mjbizdaily.com/afc-gamma-increases-loan-to-marijuana-mso-natures-medicines-by-30-million/