AFC Gamma Provides Sunburn Cannabis with a Total of $34.0 Million Across Senior Secured Credit Facilities

March 26, 2024

https://www.globenewswire.com/news-release/2024/03/26/2852351/0/en/AFC-Gamma-Provides-Sunburn-Cannabis-with-a-Total-of-34-0-Million-Across-Senior-Secured-Credit-Facilities.html

WEST PALM BEACH, Fla., March 26, 2024 (GLOBE NEWSWIRE) — AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma” or the “Company”) today announced that it has provided a total of $34.0 million in debt capital across two senior secured credit facilities to High End Holdings, LLC and Green Sentry Holdings, LLC d/b/a Sunburn Cannabis (“Sunburn”), a private, vertically integrated, single-state Florida operator. Sunburn intends to use the proceeds from the credit facilities to refinance existing debt, provide working capital, and build additional cultivation and processing facilities and new retail dispensaries in its business plan.

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