Audacity Zone Gets $11 Million Series A Preferred Equity Infusion from
ATLANTA — Greenlight Commercial Funding (GCF) led an $11-mill Series A Preferred Equity Offering for Audacity Zone Developments INC., underscoring the company’s commitment to fostering innovation and growth within the cannabis industry.
Mr. Akinyele Adams of Audacity States “We are at the forefront of industry disruption is our Pre-Roll Package Plant Model. It simplifies the manufacturing and distribution of cannabis products. This model not only cuts costs and boosts productivity but also provides a comprehensive solution that includes all primary and subordinate equipment, SOPs, and POS systems.”
The introduction of this model with the Pre-Roll Package Plant allows it to produce 72,000 torque-rolled, cylinder-shaped joints daily. According to company pro forma, this represents a significant leap in production capacity and forecasts an impressive daily EBITDA rate of $216,000.
Greenlight Commercial Funding is equipped to fuel Audacity Zone’s transformation journey. Greenlight’s expertise in navigating the complex lending landscape and its support for community development make it a powerful ally for innovative companies seeking to make a significant impact.
“We are thrilled to partner with Audacity Zone and support their vision to revolutionize the cannabis industry through technological innovation,” said a Greenlight Commercial Funding Managing Partner Dr. Alexander Beadle. “This investment underscores our commitment to fostering advancements that have the potential to redefine markets and offer unprecedented opportunities for growth and development,” they added.
About Greenlight Commercial Funding
Greenlight Commercial Funding provides rapid, reliable financing solutions across the commercial lending spectrum. Recognized for its swift loan processing and deep commitment to facilitating community growth, Greenlight is a vital resource for businesses looking to navigate the complexities of commercial funding.
