REIT - Cannabis REIT Chicago Atlantic Closes $20M Facility With Massachusetts Weed Co. That Plans To Expand In These Key Markets | Benzinga
Massachusetts-based integrated cannabis operator Nova Farms has received a $20 million loan facility from Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI).
Nova Farms manages a Massachusetts cultivation farm, seven retail brands and five full-service dispensaries across the Bay State, Maine and New Jersey.
It was among the first businesses to secure licenses in Massachusetts when the state legalized recreational cannabis in 2016.
See also: Cannabis REIT Chicago Atlantic’s Net Income Grows 20% YoY In 2023
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