Cannabis industry financial services firm Safe Harbor Financial says it and its partners have provided a $1.17 million loan to a forthcoming Connecticut marijuana retailer operating under the Higher Collective brand.
The Higher Collective store planned for Bridgeport is a social equity joint venture, according to a news release.
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Higher Collective CEO Patrik Jonsson identified the social equity partner as Keanaha in a statement.
The Higher Collective website identifies the Bridgeport store owner as Keanaha Abrams.
The $1.17 million loan to acquire and build the new store is secured by a first lien on the property.
Colorado-based Safe Harbor did not specify the loan’s term or its interest rate but described the debt as being issued “at market-competitive terms that include a flexible structure that allows interest-only payments during the construction period.”
Higher Collective currently has four other adult-use retail stores in Connecticut, according to
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