[PRESS RELEASE] – WEST PALM BEACH, Fla., April 2, 2025 – Complicated Flower Capital Inc. (AFC) introduced that it has dedicated to a $14 million senior secured credit score facility to quite a lot of subsidiaries of Same old Wellness Holdings, a privately held multistate operator of hashish cultivation, processing and retail amenities. $10.5 million of the senior secured credit score facility was once funded at shut. Same old Wellness intends to make use of the proceeds from the mortgage to procure a dispensary in Missouri, relocate a dispensary in Utah, and refinance and consolidate quite a lot of debt amenities.
“Jared and the Same old Wellness crew have confirmed to be astute capital allocators, and we’re excited to improve them as they proceed to extend and optimize their industry,” AFC CEO Daniel Neville stated. “As we proceed to diversify our portfolio, Same old Wellness has most of the traits we’re searching for in debtors: a solid industry in horny, restricted license states, led via a battle-tested control crew with a monitor file of luck.”
“Having closed on a number of debt amenities within the hashish house, our crew was once extraordinarily inspired with AFC’s operating wisdom of the complexities of our business,” Same old Wellness CEO Jared Maloof stated. “Their center of attention on assembly a decent time frame to near and environment friendly strategy to due diligence validated our choice to paintings with them and allowed us to price successfully simplify our capital construction.”
AFC will cling all of the credit score facility, which is secured via a primary lien on all of Same old Wellness’s Utah operations and its dispensaries in St. Louis and Cincinnati and a 2nd lien on its Ohio cultivation facility. The collateral property come with owned actual property in Utah and Ohio and the worth of the ones subsidiary’s hashish licenses. AFC Agent LLC served because the agent for this transaction.
In reference to the transaction, Gramercy Capital Team LLC (thru INTE Securities LLC) served because the monetary adviser to Same old Wellness.
