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Avana Companies and an investor in the cannabis business closed a $300,000 revolving line of credit loan to purchase equipment and provide access to additional working capital.
The investor’s entire operation is a marijuana grow and THC extraction business that wholesales their cannabis to dispensaries in Colorado. The company operates strictly B2B and does not sell products directly to consumers.
| Loan Amount | $300,000 |
| Loan Purpose | Equipment Purchase |
| Loan Type | Cannabis CRE |
| Project Date | February 4, 2022 |