Florida REIT raises $80 million to lend to cannabis companies

MJBizDaily
By Bart SchanemanAug 17, 2020, 1:41 pm293 pts
AFC Gamma, a real estate investment trust (REIT), raised $80 million that, coupled with a $40 million credit line, gives the West Palm Beach, Florida, firm approximately $120 million to lend to marijuana businesses. According to a news release, more than 20 large family offices participated in the equity raise.…

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