Marijuana industry lender AFC Gamma provided $34 million in debt capital to Florida-based dispensary operator Sunburn Cannabis.
The funds are being disbursed to Sunburn Cannabis through High End Holdings and its subsidiary Green Sentry Holdings.
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West Palm Beach, Florida-headquartered AFC Gamma will hold the $34 million across the two credit facilities, which consist of a first-lien term loan secured by all assets of Sunburn, according to a news release.
Sunburn, a vertically integrated operator, will use the funds to refinance debt, provide working capital and expand its cultivation, processing and dispensary presence in Florida “and beyond,” the release noted.
Sunburn’s parent, Green Sentry Holdings, is owned by Brady Cobb, who has been described by the South Florida Business Journal as a “serial
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