AFC Gamma, Inc. (“AFCG”) announced it has invested $15 million in Cansortium Inc.’s (“Cansortium”, or the “Borrower”) $71 million credit facility. Seaport Global, LLC acted as the placement agent. We are excited to work with our partners at Seaport Global to support Cansortium, a well-established and experienced operator in Florida as it expands into Texas, Michigan and Pennsylvania. AFCG will hold $15 million of the credit facility, which consists of the upfront first-lien term loan. Headquartered in Miami, and operating under the Fluent™ brand, Cansortium is licensed to produce and sell medical cannabis in Florida, where the Borrower is the owner and operator of cultivation and production facilities and operator of 20 dispensaries.
Published Ncv Newswire, New Cannabis Ventures, 05/05/2021 09:11:00