Close Date:
April 13, 2022
Loan Purpose:
Equipment Purchase
Asset Class:
Cannabis
Loan Amount:
300,000
Avana Companies and an investor in the cannabis business closed a $300,000 revolving line of credit loan to purchase equipment and provide access to additional working capital.
The investor’s entire operation is a marijuana grow and THC extraction business that wholesales their cannabis to dispensaries in Colorado. The company operates strictly B2B and does not sell products directly to consumers.