Story of Ohio got a $15 million loan from Advanced Flower Capital to support its expansion in Ohio’s adult-use marijuana market.
The subsidiary of Phoenix-based multistate operator Story Cannabis Co. plans to expand by developing and acquiring marijuana retailers in Ohio, according to a Tuesday news release.
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Beyond Ohio and its home state of Arizona, Story Cannabis Co. has operations in Maryland and New Jersey.
“Story is one of the top private multistate cannabis operators, led by a team of serial entrepreneurs who have consistently executed in a volatile cannabis market,” Advanced Flower Capital CEO Daniel Neville said. “We are excited to continue to support Story’s expansion.”
The credit facility, which is entirely held by Advanced Flower Capital, is secured by all
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