Red-Syndicate Finance recently executed a $21.9MM facility in senior secured financing to Dynamic Farms. Dynamic Farms is a fully integrated cannabis operator that oversees a cultivation farm in New Jersey, as well as operates three full-service dispensaries located across Maine, New York, and California.
"Dynamic Farms made significant strides in the cannabis industry by obtaining licenses in New Jersey promptly after the state approved adult-use cannabis in 2021. Since then, Dynamic Farms has established itself as a trailblazer in the industry through its new openings, demonstrating a remarkable pattern of expansion and financial success. This consistent growth further cements Dynamic Farms' position as a key player in the cannabis sector, primed for unprecedented triumph as the market continues to evolve. The dedication and vision of our team have been pivotal in steering Dynamic Farms toward this path of growth and profitability. We are incredibly proud of our achievements and grateful for the support that has propelled us forward, our partnership with Red-Syndicate Finance LLC signifies a new chapter in our longstanding contributions to the industry. We take great pride in our ability to maintain quality and efficiency in every aspect of our supply chain. It is truly an honor to have a financial partner who shares our belief in our integrated approach and is dedicated to collaborating directly with our team to establish a roadmap for achieving our shared objectives," said Brook Nathaniel, Sr. Partner at Dynamic Farms.
"Red-Syndicate Finance LLC will be supporting Dynamic Farms' ambitious endeavor to expand its reach by establishing dispensaries in key states, with a particular focus on California. It is noteworthy that California, a burgeoning market that saw sales exceeding $5.1 billion in 2023, is revered as the world's largest and most lucrative cannabis market.
At Red-Syndicate Finance LLC, we recognize the immense potential in the cannabis industry and are keen on seizing the opportunities presented by its rapid expansion. To ensure that we remain competitive and relevant in this evolving market landscape, we have allocated 30% of our capital towards investments in the cannabis sector.
Moreover, we have developed tailored programs to cater to both indigenous and international cannabis investors. Our streamlined processes enable us to approve loans with minimal paperwork, offering competitive rates and low fees to facilitate smoother transactions for our valued clients. We are excited about the prospects that lie ahead in the cannabis industry and are committed to providing comprehensive financial solutions to support the growth and success of Dynamic Farms and other ventures in this sector," said Dakota Malone, CEO of Red-Syndicate Finance LLC.