Advanced Flower Capital (AFCG) said Friday it has renewed its senior secured revolving credit facility.
The company said it plans to use availability under the facility to back unfunded commitments to existing borrowers and to originate and participate in loans to cannabis companies. Funds will also be used for working capital and general corporate purposes.
The facility, which includes the ability to expand to $100 million, will mature in April 2028, the company said.
The company's shares were rising 2.5% in recent trading.
Price: 5.58, Change: +0.14, Percent Change: +2.48
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