Bloom intends to use the proceeds from the new credit facility to repay existing debt, fund expansion initiatives, acquire a Level 1 Cultivation license in Ohio and provide additional working capital. (NASDAQ:AFCG) (“AFC Gamma”) today announced that it has provided a senior secured credit facility of up to $82.5 million to Bloom Medicinals Holding Company and certain of its affiliates (“Bloom”), a privately held multi-state cannabis operator with licenses in Missouri, New Jersey and Ohio.
WEST PALM BEACH, Fla., Ap(GLOBE NEWSWIRE) - AFC Gamma, Inc.
PDF Version Funding will allow Bloom to Scale Operations and Acquire Cultivation License in Ohio
