Avenir Wellness Solutions, Inc., announced that it has entered into a secured promissory note and security agreement with for principal amount of $250,000 on January 4, 2024. The initial principal amount of $39,000 and request additional loan amounts up to $211,000. This note is known as the senior secured promissory note.

The note has the rate of twelve percent (12%) per annum simple interest (365-day basis). The Maturity Date will be March 31, 2024.