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0 0 0 0.00880281690140858 0.00880281690140858 0.0105633802816902 -0.0105633802816901 0.00492957746478882
Stock impact report

Advanced Flower Capital Provides $14 Million Secured Credit Facility to Subsidiaries of Standard Wellness Holdings

AFC Gamma, Inc. (AFCG) 
Company Research Source: GlobeNewswire
WEST PALM BEACH, Fla., April 02, 2025 (GLOBE NEWSWIRE) -- Advanced Flower Capital Inc. (Nasdaq:AFCG) (“AFC”) today announced that it has committed to a $14 million senior secured credit facility to various subsidiaries of Standard Wellness Holdings (“Standard Wellness”), a privately held multi-state operator of cannabis cultivation, processing, and retail facilities. $10.5 million of the senior secured credit facility was funded at close. Standard Wellness intends to use the proceeds from the loan to acquire a dispensary in Missouri, relocate a dispensary in Utah, and refinance and consolidate various debt facilities. “Jared and the Standard Wellness team have proven to be astute capital allocators, and we are excited to support them as they continue to expand and optimize their business. As we continue to diversify our portfolio, Standard Wellness has many of the characteristics we are looking for in borrowers: a stable business in attractive limited license states, led by a battl Show less Read more
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