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Acreage, a multi state operator of marijuana, obtained loans of up to US $150 million from AFC gamma and viridescent

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Real estate lenders AFC gamma and viridecent Realty Trust have jointly lent $100 million to multi state marijuana operator acreage holdings, and have the option to lend another $50 million. "Fund the expansion plan, repay existing debts and provide additional working capital". The loan is secured by acreage's real estate and other commercial security interests at an annual interest rate of 9.75% and paid monthly. The maturity date of the facility is January 2026.


Source: mjbizdaily com