Capital Markets Advisory

Sharp raises the bar – arranges $50MM of debt financing for private MSO

Sharp Capital Advisors, in conjunction with its affiliate Livingstone Partners, has successfully raised $50mm of committed debt financing for Aeriz Holdings Corp., one of the U.S. cannabis industry's largest privately-held multi-state operators.

Transaction Details
Year
2021
client
Lender
service
Debt Advisory
Client
Aeriz
Lender
Chicago Atlantic
CAPITAL raised
$50MM

Sharp Capital Advisors, in conjunction with its affiliate Livingstone Partners, has successfully raised $50mm of committed debt financing for Aeriz Holdings Corp. ("Aeriz" or "The Company"), one of the U.S. cannabis industry's largest privately-held multi-state operators ("MSOs").

Known for cultivating top-shelf indoor flower, Aeriz has developed significant market positions and brand recognition across its three markets, Illinois, Arizona, and California. Chicago Atlantic Group ("Chicago Atlantic") provided the financing, which will be used principally to expand cultivation operations.

Founded in 2016 and headquartered in Chicago, Illinois, Aeriz is the largest cannabis cultivator utilizing the aeroponic process. Privately owned, Aeriz has experienced significant growth, pioneered innovation, and reduced its environmental impact while consistently delivering high-quality premium products. The Company's highly efficient aeroponic growing method allows for rapid scaling across markets, resulting in a portfolio comprised of dozens of proprietary strains at any given time.

"While the equity markets for U.S. MSOs are in complete disarray, the private debt capital markets are rapidly filling the void," stated Stephen Miles, Co-Founder & CEO of Sharp. "Aeriz is truly an exceptional company with rapidly growing wholesale operations in 3markets that will generate nearly $10BN in revenue in 2021. Their commitment to product quality, coupled with a uniquely well-capitalized balance sheet, will ensure Aeriz's position as a top-tier MSO as the industry enters its next phase of growth and consolidation."

Co-Founder & CEO
Chicago
Managing Director
Los Angeles
Head of Debt Capital Markets
Chicago
Other Transactions
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