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Press Release: Fluresh Completes Historic Cannabis Industry Financing With $48 Million in Engagements From Federally Chartered Bank

April 18, 2022Fluresh LLC, one of the largest vertically integrated cannabis operators in Michigan, announced today the closing of a senior secured note with a federally regulated commercial bank headquartered in southeast Michigan. The secured Bank Note closed on December 28, 2021, and is for aggregate gross proceeds of $25 million. The Bank Note has a variable interest rate and, at the time of closing, bore an interest rate of 5.75% per annum with 50% of the aggregate proceeds capped at 7.0%. Posted by Stephen Lenn