Standard Wellness Secures $14 Million Credit Facility from Advanced Flower Capital Retiring Existing Debt and Accelerating Strategic Growth Initiatives
Standard Wellness Holdings has secured a $14 million senior secured credit facility from Advanced Flower Capital (NASDAQ: AFCG). The financing, bearing a 12.5% interest rate, will be used to:
- Refinance existing debt, including full repayment of Focus Growth Capital Partners facility
- Early repayment of Columbia Care seller note from Cannabist dispensary acquisition in Springville, Utah
- Fund acquisition of a dispensary license in Saint Louis, Missouri (pending regulatory approval)
The transaction demonstrates Standard Wellness's strategic expansion and financial restructuring efforts. Gramercy Capital Group served as financial advisor, while Feuerstein Kulick acted as legal counsel for the transaction.
Standard Wellness Holdings ha ottenuto un prestito senior garantito di 14 milioni di dollari da Advanced Flower Capital (NASDAQ: AFCG). Il finanziamento, con un tasso d'interesse del 12,5%, sarà utilizzato per:
- Rifinanziare il debito esistente, compreso il rimborso totale della struttura di Focus Growth Capital Partners
- Rimborso anticipato del notaio del venditore di Columbia Care derivante dall'acquisizione del dispensario Cannabist a Springville, Utah
- Finanziare l'acquisizione di una licenza per un dispensario a Saint Louis, Missouri (in attesa di approvazione regolamentare)
La transazione dimostra gli sforzi di espansione strategica e ristrutturazione finanziaria di Standard Wellness. Gramercy Capital Group ha svolto il ruolo di consulente finanziario, mentre Feuerstein Kulick ha agito come consulente legale per la transazione.
Standard Wellness Holdings ha conseguido un préstamo senior garantizado de 14 millones de dólares de Advanced Flower Capital (NASDAQ: AFCG). La financiación, con una tasa de interés del 12,5%, se utilizará para:
- Refinanciar la deuda existente, incluyendo el reembolso total de la instalación de Focus Growth Capital Partners
- Reembolso anticipado de la nota del vendedor de Columbia Care de la adquisición del dispensario Cannabist en Springville, Utah
- Financiar la adquisición de una licencia de dispensario en Saint Louis, Missouri (pendiente de aprobación regulatoria)
La transacción demuestra los esfuerzos de expansión estratégica y reestructuración financiera de Standard Wellness. Gramercy Capital Group actuó como asesor financiero, mientras que Feuerstein Kulick actuó como asesor legal para la transacción.
스탠다드 웰니스 홀딩스는 Advanced Flower Capital(NASDAQ: AFCG)으로부터 을 확보했습니다. 12.5% 이자율을 가진 이 자금은 다음과 같은 용도로 사용될 것입니다:
- 기존 부채 재융자, Focus Growth Capital Partners 시설의 전액 상환 포함
- 유타주 스프링빌의 Cannabist 매장 인수에서 Columbia Care 판매자의 노트 조기 상환
- 미주리주 세인트루이스에서의 매장 라이센스 인수 자금 조달(규제 승인 대기 중)
이번 거래는 스탠다드 웰니스의 전략적 확장 및 재무 구조 조정 노력을 보여줍니다. Gramercy Capital Group은 재무 고문 역할을 했으며, Feuerstein Kulick은 거래의 법률 고문으로 활동했습니다.
Standard Wellness Holdings a obtenu un prêt senior garanti de 14 millions de dollars d'Advanced Flower Capital (NASDAQ: AFCG). Le financement, avec un taux d'intérêt de 12,5%, sera utilisé pour :
- Refinancer la dette existante, y compris le remboursement intégral de la facilité de Focus Growth Capital Partners
- Remboursement anticipé de la note du vendeur de Columbia Care liée à l'acquisition du dispensaire Cannabist à Springville, Utah
- Financer l'acquisition d'une licence de dispensaire à Saint Louis, Missouri (en attente d'approbation réglementaire)
La transaction démontre les efforts d'expansion stratégique et de restructuration financière de Standard Wellness. Gramercy Capital Group a agi en tant que conseiller financier, tandis que Feuerstein Kulick a agi en tant que conseiller juridique pour la transaction.
Standard Wellness Holdings hat eine Senior Secured Kreditfazilität in Höhe von 14 Millionen Dollar von Advanced Flower Capital (NASDAQ: AFCG) gesichert. Die Finanzierung, die einen Zinssatz von 12,5% aufweist, wird verwendet werden für:
- Umschuldung bestehender Schulden, einschließlich der vollständigen Rückzahlung der Einrichtung von Focus Growth Capital Partners
- Vorzeitige Rückzahlung des Verkäufernotes von Columbia Care aus der Übernahme des Cannabist-Dispensars in Springville, Utah
- Finanzierung des Erwerbs einer Dispensationserlaubnis in Saint Louis, Missouri (unterliegt der behördlichen Genehmigung)
Die Transaktion zeigt die strategische Expansion und die finanziellen Umstrukturierungsbemühungen von Standard Wellness. Gramercy Capital Group fungierte als Finanzberater, während Feuerstein Kulick als rechtlicher Berater für die Transaktion tätig war.
- Secured $14M credit facility strengthening financial position
- Strategic expansion into Missouri market through planned dispensary acquisition
- Debt consolidation and optimization of capital structure
- Early retirement of existing debt obligations showing financial discipline
- High interest rate of 12.5% on the new credit facility
- Missouri dispensary acquisition still pending regulatory approval
Insights
This $14 million senior secured credit facility represents a positive development for Advanced Flower Capital (AFCG), expanding its loan portfolio in its core cannabis lending business. The
The transaction is particularly noteworthy as it appears to align with AFCG's strategy of "upgrading its borrowers" – suggesting a shift toward higher-quality cannabis operators in its portfolio. Standard Wellness's statement that they "fit into that portfolio well" indicates AFCG is successfully attracting operators with stronger fundamentals, potentially reducing default risk while still securing attractive yields typical in cannabis lending.
For context, this facility represents approximately
The CEO's endorsement of Standard Wellness's "strong track record of operational excellence" suggests thorough due diligence, which is critical in the higher-risk cannabis lending space. For AFCG investors, this transaction represents both portfolio growth and a validation of the company's lending strategy, focusing on established operators with expansion potential while maintaining disciplined underwriting standards.
This significant financial milestone positions Standard Wellness for growth, demonstrating the company's commitment to strategic expansion and financial discipline. The credit facility, which bears interest at
"We are thrilled to partner with AFC on this important financing. AFC has done an exceptional job of upgrading its borrowers, and we'd like to think we fit into that portfolio well," said Jared Maloof, Chief Executive Officer at Standard Wellness. "This credit facility allows us to streamline our debt structure, eliminate legacy obligations, and invest in strategic acquisitions, including a new dispensary license in
"AFC Gamma is pleased to support Standard Wellness in their continued growth and expansion," said Dan Neville, Chief Executive Officer at AFC Gamma. "Standard Wellness has demonstrated a strong track record of operational excellence and strategic execution. We are confident that this credit facility will enable them to achieve their growth objectives and further solidify their position as a leader in the cannabis industry."
"The repayment of the Focus Growth debt and the early retirement of the Columbia Care note reflect Standard Wellness's proactive approach to managing its financial obligations and optimizing its capital structure," said Kyle Ciccarello, Chief Financial Officer of Standard Wellness.
Advisors and Counsel In connection with the transaction, Gramercy Capital Group, LLC (through INTE Securities LLC) served as financial advisor, while Feuerstein Kulick, LLP, led by Samantha Gleit, acted as legal counsel to Standard Wellness.
About Standard Wellness:
Founded in 2017 in
With approximately 350 employees, Standard Wellness is dedicated to improving quality of life by providing safe and legal access to cannabis for medical and adult use.
About Advanced Flower Capital
Advanced Flower Capital Inc. (Nasdaq:AFCG) is a leading commercial mortgage REIT that provides institutional loans to state-law compliant cannabis operators in the
About INTE Securities LLC
INTE Securities LLC is a member of FINRA (www.finra.org) / SIPC (www.sipc.org). To view INTE Securities LLC, go to www.finra.org/brokercheck
For media inquiries, please contact:
Kyle Ciccarello
Chief Financial Officer
Standard Wellness Holdings, LLC
Email: kciccarello@standardwellness.com
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SOURCE Standard Wellness Holdings, LLC
FAQ
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