AFC Gamma provides Sunburn Cannabis with $34M across credit facilities

AFC Gamma as provided a total of $34M in debt capital across two senior secured credit facilities to High End Holdings and Green Sentry Holdings d/b/a Sunburn Cannabis, 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. AFCG will hold the entire $34M across the two credit facilities, which together consist of a first-lien term loan secured by all assets of Sunburn. AFC Agent served as Agent for this transaction.