WEST PALM BEACH, Fla., May 23, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) ("AFC Gamma") today announced that it has provided a senior secured credit facility to Grön Holdings Inc. ("Grön" or "Grön Edibles"), one of North America's largest producers of adult-use cannabis-infused edibles. Grön intends to use the proceeds from the new credit facility to expand its business into new states. "We are excited to support Grön in catalyzing the next phase of the company's growth as they expand further into the East Coast and solidify their position as a leading edibles provider," said Daniel Neville, AFC Gamma's Chief Executive Officer. "This transaction demonstrates our ability to provide flexible and tailored financing solutions that meet the unique requirements of our borrowers at all stages of their growth, while also broadening and diversifying AFC Gamma's portfolio." Christine Apple, Grön's Founder and Chief Executive Officer, concurred, adding, "We are pleased to partner with AFC Gamma as we expand Grön's multi-state presence. We are impressed by the flexible financing solution presented to us, the speed in which they were able to execute, and the team's professionalism that made the process seamless and efficient. With the additional capital, we look forward to continuing to execute on ...