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Safe Harbor Financial originates $1.07 million secured credit facility for Missouri cannabis operator
Contract Type
contract
Description
Safe Harbor Financial has originated a $1.07 million secured credit facility for a Missouri-based cannabis operator, marking the first tranche of a $5 million commitment to refinance existing senior debt. The facility, secured by a portfolio including four retail dispensaries and a manufacturing facility in Missouri, aims to reduce the operator's borrowing costs and enable them to optimize their operations within the state’s growing cannabis market. Safe Harbor's competitive financing solutions provide underserved cannabis operators with access to bank-quality financial services, fostering growth in the cannabis sector.