"Nova Farms Raises $20 Million to Expand Dispensaries in New Jersey and Connecticut"

Nova Farms' Loan Facility from Chicago Atlantic

Key Highlights:

• Loan Facility: Nova Farms, an integrated cannabis operator, secured a $20 million loan facility from Chicago Atlantic.
• Expansion Plans: The funds will be used to expand Nova Farms' dispensary presence in key states, including New Jersey and Connecticut.

Nova Farms' Target Market

• Target Market: Cannabis consumers in Massachusetts, Maine, New Jersey, and potentially other states where Nova Farms plans to expand.
• Adult-Use Cannabis Market: Individuals seeking legal, regulated cannabis products for recreational use.
• Medical Cannabis Market: Patients seeking cannabis products for medical purposes in states where it is legal.

What Nova Farms Needs to Buy

• Retail Expansion: Real estate and construction services for opening new dispensaries in key states.
• Product Manufacturing and Distribution: Partnerships with cannabis product manufacturers and distributors to ensure a diverse and high-quality product offering.
• Marketing and Branding Services: Agencies specializing in cannabis marketing and branding to help promote Nova Farms' retail brands.