Ascend Wellness closes $11 million in mortgage loans with CF Bank
AAWH•Ascend Wellness Holdings closed mortgage loans with CF Bank, providing $11 million in gross proceeds. The loans carry 8.5% annual interest and mature in October 2031.
1. Loan terms
The non-dilutive loans are secured by five company-owned properties across Illinois, Maryland and Massachusetts. Ascend Wellness said it will use the proceeds to support retail expansion and potential accretive acquisitions.
