Denver, CO — June 17, 2021 — Alternative Finance Network (AFN), a leading provider of financing for the cannabis industry led by the Marijuana Money Man, Scott Jordan, announces that it has facilitated a $3.15 million sale-leaseback transaction for an Oregon cultivation property owned by Stem Holdings, Inc. (CSE: STEM and OTCQX: STMH).
Stem Holdings, Inc. is a multi-state, vertically integrated, cannabis company that purchases, improves, leases, operates and invests in properties for use in the production, distribution, and sales of cannabis and cannabis-infused products licensed under the laws of the states of Oregon, Nevada, California, and Oklahoma.
“This transaction demonstrates our ability to assist leading cannabis companies in their search for working capital by using our network to bring together buyers and sellers,” said AFN founder, Scott Jordan. “We look forward to continuing our financing relationship with Driven by Stem as their growth accelerates and to continuing to level the playing field for all cannabis businesses for equal access to capital.”
The sale-leaseback transaction will help finance Stem’s objective of becoming “the first multi-state integrated farm-to-home cultivation and technology omnichannel cannabis company.”
Stem CEO, Adam Berk, commented, “Alternative Finance Network was great to work with. Their deal tenacity and bringing the correct partner to the table was key to getting this transaction to the finish line. We look forward to working with them on future financings”.
The transaction was assisted by John Thompson, Managing Partner, CFO Business Advisors LLC.