Cannabis REIT: Aventine Property Group Raises $100M In Sales Of Convertible Notes To A Single Investor

-focused real estate investment trust Aventine Property Group, Inc. confirmed Monday it had raised $100 million via a private offering of 8% senior unsecured convertible notes. The notes, due in 2026, were sold to a single institutional investor.

The Chicago, Illinois-based company plans to use the collected net proceeds from the offering to fund purchases and advances of licensed cannabis real estate assets, such as , cultivation and manufacturing facilities across the U.S.

Under the offering, the notes are set to mature in 2026 unless otherwise converted, redeemed or …

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