AFC Gamma

AFC Gamma, Inc. provides commercial real estate finance services. It primarily engages in originating, structuring, underwriting and managing senior secured loans and other types of loans for established companies operating in the cannabis industry in states. The company was founded by Leonard Mark Tannenbaum on July 6, 2020 and is headquartered in West Palm Beach, FL.

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AFC Gamma reports solid Q4 earnings, diversifies into real estate

AFC Gamma delivered strong financial performance in Q4 2022, maintaining a robust balance sheet and prudent dividend policy.
The company's strategic shift towards non-cannabis commercial real estate financing signals a proactive approach to diversification and growth.
While facing challenges in finding suitable cannabis investments and credit risks, AFC Gamma's focus on balanced asset allocation and high yields presents opportunities for sustained success.
Investors should monitor AFC Gamma's progress in executing its new investment strategy and achieving the envisioned balance between cannabis and non-cannabis assets.

AFC Gamma reports solid Q1 earnings amidst cannabis market growth

AFC Gamma's Q1 2023 performance showcased strong distributable earnings, a conservative capital strategy, and positive market trends in key states. The company's focus on diversified revenue streams, strong balance sheet, and commitment to shareholder returns position it well for future growth. While facing industry challenges and economic uncertainties, AFC Gamma has opportunities to capitalize on market trends and expand its market presence.

AFC Gamma reports strong Q2 earnings, eyes noncannabis real estate lending

AFC Gamma delivered solid financial results, maintained a strong balance sheet, and demonstrated prudent capital deployment. Challenges with certain borrowers highlight the importance of active portfolio management and diversification. The company's focus on noncannabis real estate lending presents a promising avenue for growth.

AFC Gamma appoints new CEO, reports strong Q3 earnings

AFC Gamma's Q3 performance reflects solid distributable earnings, strategic investments in the cannabis sector, and a robust balance sheet.
The company's strengths include consistent dividend payouts, focus on quality operators, and successful CEO transition.
Challenges include market dynamics and regulatory uncertainties, while opportunities exist in leveraging the strong balance sheet and exploring growth avenues.
Overall, AFC Gamma's earnings call highlights a mix of performance, strengths, challenges, and opportunities in the evolving cannabis industry.

AFC Gamma reports strong Q4 earnings, eyes cannabis industry growth

AFC Gamma delivered strong financial performance in Q4 2023, driven by robust net interest income and distributable earnings, supported by a solid portfolio and strategic initiatives.
While facing challenges in the cannabis lending sector and asset optimization, AFC's strengths lie in its diversified loan portfolio, strategic agility, and strong balance sheet.
Opportunities exist for AFC to capitalize on the cannabis industry growth, optimize assets, and enhance risk management practices to drive sustainable long-term value creation.
Investors should note AFC's performance, strengths, challenges, and opportunities to assess the company's position in the market and potential for future growth and returns.

AFC Gamma reports robust Q1 earnings, eyes cannabis industry growth

AFC Gamma's Q1 2024 Earnings Call highlighted strong financial performance, operational efficiency, and strategic growth initiatives. While facing challenges like GAAP net loss and regulatory uncertainties, the company is well-positioned to capitalize on growth opportunities in the cannabis and real estate sectors.

AFC Gamma reports robust Q2 earnings amidst cannabis market optimism

AFC Gamma (AFCG) delivered strong financial results in Q2 2024, driven by robust performance in cannabis lending and strategic portfolio management.
While facing challenges in a dynamic industry landscape, AFC's focus on high yields and prudent risk management remains key to sustained success.
Opportunities for growth lie in market expansions and industry trends, positioning AFC to capitalize on the evolving cannabis market.

AFC Gamma exceeds origination targets, navigates cannabis sector challenges

AFC Gamma's strong performance, proactive capital raising, and focus on high-yield opportunities position them well in the market.
Challenges include potential regulatory hurdles and credit risk concerns, but opportunities exist in the evolving cannabis sector landscape.
Investors received a dividend of $0.33 per common share, reflecting AFC's commitment to shareholder value and financial stability.
Overall, AFC's strategic moves and financial results in Q3 2024 indicate a resilient and growth-oriented approach to the market.

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Advanced Flower Capital, Inc. provides commercial real estate finance services. It primarily engages in originating, structuring, underwriting and managing senior secured loans and other types of loans for established companies operating in the cannabis industry in states. The company was founded by Leonard Mark Tannenbaum on July 6, 2020 and is headquartered in West Palm Beach, FL.

AFC Gamma, Inc. (NASDAQ:AFCG) confirmed Thursday it has priced an offering of $100 million aggregate principal amount of 5.750% senior notes due 2027 to qualified institutional buyers. The Cannabis-focused commercial real estate finance company previously announced the offering at the beginning of October.

AFC Gamma Raises $100M Via Senior Note Offering To Support Cannabis Businesses

WEST PALM BEACH, Fla., Oct. 28, 2021 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (“AFC Gamma”) (Nasdaq: AFCG) announced today that it priced an offering (the “Offering”) of $100 million aggregate principal amount of 5.750% Senior Notes due 2027 (the “Notes”) to qualified institutional buyers pursuant to Rule 144A and to non-U.S. persons outside the United States in reliance on Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). The Notes mature on May 1, 2027. Interest on the Notes is payable semi-annually in arrears on May 1 and November 1 of each year, with the first payment on May 1, 2022. The offering is expected to close on November 3, 2021, subject to customary closing conditions.

AFC Gamma Prices Offering of 5.750% Senior Notes Due 2027

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AFC Gamma Supports the Next Phase of Growth for a Leading Multi-State Operator AFC Gamma Supports the Next Phase of Growth for a Leading Multi-State Operator

AFC Gamma Funds $50 Million as Part of a New $120 Million Tranche of Verano Holdings Corp. Credit Facility

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WEST PALM BEACH, Fla., Oct. 13, 2021 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC”) today announced that it plans to report earnings for the quarter ended September 30, 2021 before the financial markets open in New York on Thursday, November 4, 2021.

AFC Gamma, Inc. Schedules Earnings Release for the Quarter Ended September 30, 2021

WEST PALM BEACH, Fla., Oct. 06, 2021 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (“AFC Gamma”) (Nasdaq: AFCG) today announced that it intends to offer, subject to market and other conditions, $100 million aggregate principal amount of senior unsecured notes due 2027 (the “Notes”) in a private offering (the “Offering”) to qualified institutional buyers pursuant to Rule 144A and to non-U.S. persons outside the United States in reliance on Regulation S under the Securities Act of 1933, as amended (the “Securities Act”).

AFC Gamma Announces Launch of $100 Million Offering of Senior Notes Due 2027

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Cannabis-focused commercial real estate finance company AFC Gamma, Inc. (NASDAQ:AFCG) has bolstered its senior credit facility with Justice Cannabis Co. to $75.4 million. Based in West Palm Beach, Florida, the company expanded its senior credit facility by $53.4 million on Monday.

AFC Gamma Provides Justice Cannabis Co. With $75.4M Via Extended Credit Facility, Announces Funding Updates

Closed $214 Million of Total Commitments in the First Nine Months of 2021 Closed $214 Million of Total Commitments in the First Nine Months of 2021

AFC Gamma Posts Record $119.2 Million in Gross Originations for Quarter Ended September 30

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Quarterly Dividend Increases by 13.2% to $0.43 Per Share Quarterly Dividend Increases by 13.2% to $0.43 Per Share

AFC Gamma Raises Quarterly Dividend

Cannabis-focused mortgage real estate finance enterprise AFC Gamma, Inc. (NASDAQ:AFCG) said Monday it has bolstered $62.5 million in funding for Devi Holdings Inc., which is doing business as Nature's Medicines. Based in West Palm Beach, Florida, the company has expanded its senior credit facility by $30 million to Nature's Medicines, which operates in several states.

AFC Gamma's Stock Slightly Down After Announcing $30M Expansion Of Nature's Medicines Credit Facility

Supporting Continued Growth of its Existing Borrower; AFC Gamma Commits $62.5 Million under Expanded Credit Facility

AFC Gamma Expands Existing Senior Secured Credit Facility With Devi Holdings, Inc. by $30 Million

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AFC Gamma, Inc. (NASDAQ:AFCG) announced Tuesday that it has provided a credit facility of $23 million to BeLeaf Medical, LLC, a single-state Missouri operator. The credit facility is designed to provide BeLeaf with the capital necessary to expand its three Missouri cultivation facilities in Lakefront, Jonesburg and Cherokee, as well as purchase the Jonesburg cultivation facility.

AFC Gamma Lends BeLeaf Medical $23M To Help Co. Expand Missouri Market

Represents AFC Gamma's Second Transaction in Missouri's Growing Medical Cannabis Market Represents AFC Gamma's Second Transaction in Missouri's Growing Medical Cannabis Market

AFC Gamma Provides BeLeaf Medical, LLC With $23 Million Senior Secured Credit Facility to Fund Its Missouri Expansion

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Represents AFC Gamma's First Transaction in Massachusetts' Growing Medical and Adult Use Cannabis Market Represents AFC Gamma's First Transaction in Massachusetts' Growing Medical and Adult Use Cannabis Market

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