Verano secures $12M loan from Rainbow Realty Group

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Rainbow Realty Group completed a $12 million senior mortgage loan to Verano Holdings Corp. (OTC: VRNOF).

The loan, which was announced Monday, is secured by two cultivation and processing properties in North Las Vegas, Nevada, and Coolidge, Arizona. The cross-collateralized mortgage represents Rainbow’s first investment in Arizona and expands its footprint…

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