Close Date:

April 13, 2022

Cannabis Operation Facility

Loan Purpose:

Equipment Purchase

Asset Class:

Cannabis

Loan Amount:

300,000

Details

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.