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US (MD): Grower recives $15.5M to support expansion of Baltimore-based cultivation

AFC Gamma has provided a credit facility of $15.5 million to The Evermore Cannabis Company. "The credit facility is designed to provide Evermore with additional capital for the expansion of its cultivation and manufacturing facility in Baltimore, Maryland and to consolidate and streamline its ownership structure," the AFC team explains.

“We are pleased to support Evermore with our first direct investment in Maryland, a fast-growing market with tremendous potential,” said Leonard M. Tannenbaum, AFC’s Chief Executive Officer. “Following a bridge loan, this credit facility is just the first step in a long-term relationship with Evermore and we look forward to supporting its efforts as it looks to acquire real estate and expand its cultivation and manufacturing facility.”

Craig Schulman, Evermore’s Chairman & Managing Principal, added, “As we continue expanding in this strong and attractive market, we are excited to have the support and partnership of AFC Gamma, a proven leader in the cannabis space and a flexible lender that was able to accommodate our capital needs quickly and efficiently. We look forward to partnering with AFC Gamma in the months and years ahead as we execute on our growth objectives in Maryland.”

For more information:
AFC Gamma
525 Okeechobee Blvd. Suite 1770 West Palm Beach, FL 33401
(561) 510-2390 
[email protected] 
afcgamma.com

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