Advanced Flower Capital Provides $15 Million Senior Secured Credit Facility to Story Ohio

Core Viewpoint - Advanced Flower Capital Inc. has committed and funded a $15 million senior secured credit facility to Story of Ohio LLC to support its expansion in the Ohio adult-use cannabis market [1][2]. Company Overview - Advanced Flower Capital Inc. (AFC) is a leading commercial mortgage REIT that provides institutional loans to state-law compliant cannabis operators in the U.S. It specializes in loans ranging from$10 million to over $100 million, secured by quality real estate assets, license value, and cash flows [3]. - Story Companies is an emerging multi-state operator (MSO) in the cannabis industry, focusing on developing and acquiring vertically integrated cannabis assets in states with high profit margins and growth potential [4]. Financial Commitment - AFC has provided a$15 million credit facility to Story, which will be used to acquire and build out dispensaries in Ohio [1][2]. - The credit facility is a first-lien term loan secured by all of Story of Ohio LLC's assets, including cannabis licenses and owned real estate in Ohio and Georgia [2]. Strategic Partnership - The partnership between AFC and Story is characterized by a shared understanding of the complexities of the cannabis industry, enabling Story to capitalize on market opportunities [2]. - Story's leadership team consists of serial entrepreneurs with a track record of success in the volatile cannabis market, which aligns with AFC's strategic approach [2].