AFN’s new M&A financing is the first of its kind for the cannabis industry with no equity dilution for the buyer.
“This funding is really groundbreaking for cannabis companies and like nothing we’ve seen in the industry before,” said Scott Jordan, Founder of Colorado-based alternative financial network. “With the recent good news on the SAFE Banking Act, I believe we will continue to see a very active M&A market in the cannabis industry and we look forward to helping more and more companies with this type of funding.”
AFN is currently working on one $ 39 million M&A financing transaction for a large listed cannabis company to acquire real estate assets with 100 percent financing. Three other active transactions AFN arranged in total $ 42 million.
“These examples illustrate the hot M&A market in the cannabis space,” says Jordan. “In my opinion, it’s similar to the property market in 2007, when buyers exchanged properties before completion at a substantial profit. An example of this is the recent transaction by 4Front Ventures Corp. for $ 55 million for a 55,000 square meter extension that is not yet in operation. We haven’t seen anything like it in cannabis before. ”
Via the Alternative Finance Network
The Alternative Finance Network (AFN) was founded by Scott Jordan in 2019 with a mission to level the playing field and offer cannabis business owners multiple financing options at the lowest possible rates. AFN provides access to banks, credit unions, life insurance companies, and private lenders seeking debt capital to cannabis companies seeking real estate, sale-leaseback, equipment finance, and working capital financing. AFN founder, Scott Jordan, has a long history in cannabis financing and has participated in over 100 financing transactions involving over $ 80 million in debt to cannabis entrepreneurs and currently works with some of the largest MSOs in the cannabis space. For more information, please visit alternativefinancenetwork.com.
SOURCE Alternative financial network