Safe Harbor Financial, a provider of financial services to the cannabis industry, originated a $3 million first lien secured loan for a Washington-based organic, THC-infused beverage company to supports its expansion into California.
“This credit facility, secured by a first lien on the beverage company’s state-of-the-art bottling plant in Washington, demonstrates Safe Harbor’s critical role in supporting the expansion of leading cannabis operators and brands across the country,” Dan Roda, executive vice president and chief operating officer of Safe Harbor Financial, said. “These companies are continuing to experience strong growth as demand for innovative cannabis products, especially as demand within novel categories such as infused food and beverage, continues to grow. At Safe Harbor, we take pride in our ability to facilitate this growth, and, armed with our industry-leading suite of credit products, we are uniquely situated to support it.”
