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Alternative Finance Network Brings Groundbreaking M&A Financing For Cannabis Companies

October 13, 2021, 07:26 AM
Filed Under: Cannabis

Alternative Finance Network (AFN), an independent financing network serving cannabis and hemp companies in the U.S. and Canada, is bringing new Merger & Acquisition (M&A) financing options to cannabis companies as the M&A market continues to soar in the cannabis space.

AFN's new M&A financing is the first of its kind for the cannabis industry with no dilution of equity for the purchaser and will help public companies and multi-state operators (MSOs) with merger and acquisition transactions. AFN Founder, Scott Jordan, is currently working on M&A transactions totaling over $80 million for cannabis companies.

AFN's new M&A financing is the first of its kind for the cannabis industry with no dilution of equity for the purchaser.

"This financing is truly groundbreaking for cannabis companies and like nothing we have ever seen before in the industry," said Scott Jordan, founder of Colorado-based Alternative Finance Network. "With the recent good news on the SAFE Banking Act, I believe will we 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 financing."

AFN is currently working on a $39 million M&A financing transaction for a large public cannabis company to acquire real estate assets with 100 percent financing. Three additional active transactions AFN is arranging total $42 million.

"These examples illustrate the red-hot M&A market in the cannabis space," says Jordan. "In my opinion, it is similar to the real estate market in 2007 when buyers were flipping properties before they were completed for a substantial profit. One example of this is the recent 4Front Ventures Corp. transaction for $55 million for a 55,000 square foot cultivation facility that is not yet operational. We have not seen anything like this in the cannabis space to date."

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