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Benzinga
Benzinga
Business
Nina Zdinjak

Cannabis Industry Lender Chicago Atlantic Anounces $25M Credit Facility To Sanctuary Medicinals

Cannabis-focused commercial real estate finance company Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) confirmed Thursday it has funded $10 million as the initial advance of a new $25 million senior secured credit facility to Sanctuary Medicinals LLC to support the company's retail and cultivation expansion in Florida.

Headquartered in Apopka, Florida, Sanctuary operates a premier cultivation and processing facility with five operational dispensaries and plans to open more than 18 additional locations in Florida throughout 2022.

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