
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.