CLEVELAND, April 3, 2025 — Standard Wellness Holdings, LLC (“Standard Wellness”), a leading cannabis company with operations spanning multiple states, has successfully secured a $14 million senior secured credit facility from Advanced Flower Capital Inc. (NASDAQ: AFCG) (“AFC”). This financing will be used to pay off existing debt, including the debt facility with Focus Growth Capital Partners and the seller note with Columbia Care from the Cannabist dispensary acquisition in Springville, Utah. Funds will also be used to acquire a dispensary license in Saint Louis, Missouri, which is subject to regulatory approval.

This financial achievement supports Standard Wellness’s growth plans, demonstrating their dedication to expansion and financial responsibility. The credit facility, carrying a 12.5% interest rate with AFC, a well-known lender in the cannabis sector, highlights the strength of Standard Wellness’s business.

“We are excited to partner with AFC on this financing. AFC has improved its borrower base, and we believe we are a good fit,” said Jared Maloof, CEO of Standard Wellness. “This credit facility allows us to simplify our debt, eliminate old obligations, and invest in strategic acquisitions, including a dispensary license in Saint Louis, which is key to our long-term strategy. This deal strengthens our finances and provides the capital to grow and expand in important markets.”

“AFC Gamma is happy to support Standard Wellness’s growth,” said Dan Neville, CEO of AFC Gamma. “Standard Wellness has a history of strong operations and strategic execution. We believe this credit facility will help them achieve their goals and strengthen their position as a leader in the cannabis industry.”

“Repaying the Focus Growth debt and retiring the Columbia Care note early shows Standard Wellness’s commitment to managing its finances and optimizing its capital structure,” said Kyle Ciccarello, CFO of Standard Wellness.

Advisors and Counsel In this transaction, Gramercy Capital Group, LLC (through INTE Securities LLC) was the financial advisor, and Feuerstein Kulick, LLP, led by Samantha Gleit, was the legal counsel for Standard Wellness.

About Standard Wellness:

Standard Wellness, founded in 2017 in Ohio, is a vertically integrated cannabis company with operations in Ohio, Missouri, and Utah, and licenses for cultivation, processing, and dispensaries in Maryland. The company operates five retail locations under The Forest brand and has been a leader in the industry, making the first legal marijuana sale in Ohio at The Forest Sandusky dispensary and the first delivery to a Utah pharmacy in February 2020.

Standard Wellness has about 350 employees and is committed to improving quality of life by providing safe and legal cannabis for medical and adult use.

About Advanced Flower Capital

Advanced Flower Capital Inc. (Nasdaq:AFCG) is a leading commercial mortgage REIT providing loans to cannabis operators in the U.S. AFC uses its team’s network and expertise to originate, structure, underwrite, and manage loans from $10 million to over $100 million, typically secured by real estate, license value, and cash flows. It is based in West Palm Beach, Florida. For more information, visit .

About INTE Securities LLC

INTE Securities LLC is a member of FINRA () / SIPC (). To view INTE Securities LLC, go to

For media inquiries, please contact:
Kyle Ciccarello
Chief Financial Officer
Standard Wellness Holdings, LLC
Email:

SOURCE Standard Wellness Holdings, LLC

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