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.

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AFC Gamma's (AFCG) CEO Leonard Tannenbaum on Q2 2021 Results - Earnings Call Transcript

Company to host conference call at 10:00 am (Eastern Time) on Tuesday, August 5, 2021 Company to host conference call at 10:00 am (Eastern Time) on Tuesday, August 5, 2021

AFC Gamma, Inc. Announces Financial Results for Quarter Ended June 30, 2021

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Since our introductory article, shares in AFCG have declined by around 7.0%. Keep in mind, AFCG is a mortgage REIT, so the company does not own the real estate, it simply finances real estate for cannabis operators.

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Represents AFC Gamma's First Direct Transaction in Expanding Maryland Medicinal Cannabis Market Represents AFC Gamma's First Direct Transaction in Expanding Maryland Medicinal Cannabis Market

AFC Gamma Provides Evermore with $15.5 Million Senior Secured Credit Facility to Support its Maryland Expansion and Streamline Ownership Structure

WEST PALM BEACH, Fla., July 14, 2021 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC”) today announced that it plans to report earnings for the quarter ended June 30, 2021 before the financial markets open in New York on Thursday, August 5, 2021.

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

AFCG makes intermediate-term, highly collateralized loans to companies operating in the burgeoning cannabis industry. CEO Leonard Tannenbaum was the founder and CEO of Fifth Street Asset Management for two decades before selling the company to Oaktree Capital Management.

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Cannabis-focused commercial real estate finance company AFC Gamma, Inc. (NASDAQ:AFCG) is poised to raise $56.4 million through its underwritten public offering of 2.75 million shares of its common stock at $20.50 per share. Underwriters have a month to buy up to an additional 412,500 shares of common stock at the set price.

Cannabis-Focused Mortgage REIT Raises $56.4M Just Months After NASDAQ Debut

AFC Gamma, Inc. (AFCG) CEO Leonard Tannenbaum on Q1 2021 Results - Earnings Call Transcript

Company to host conference call at 9:00 am (Eastern Time) on Tuesday, May 11, 2021 Company to host conference call at 9:00 am (Eastern Time) on Tuesday, May 11, 2021

AFC Gamma, Inc. Announces Quarter Ended March 31, 2021 Financial Results

Represents AFC Gamma's First Transaction in Expanding New Jersey Medical and Adult Use Marijuana Market Represents AFC Gamma's First Transaction in Expanding New Jersey Medical and Adult Use Marijuana Market

AFC Gamma Provides Justice Cannabis Co. With $22 Million Senior Secured Credit Facility to Fund its New Jersey Expansion

Highlights AFC Gamma's Presence in the Growing Medical Marijuana Markets in Texas, Michigan and Pennsylvania Highlights AFC Gamma's Presence in the Growing Medical Marijuana Markets in Texas, Michigan and Pennsylvania

AFC Gamma Serves as Lead Investor in Cansortium's $71 Million Senior Secured Credit Facility to Fund Operations in Three States

WEST PALM BEACH, Fla., April 26, 2021 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC”) today announced that it plans to report earnings for the quarter ended March 31, 2021 before the financial markets open in New York on Tuesday, May 11, 2021.

AFC Gamma Inc. Schedules Earnings Release for the Quarter Ended March 31, 2021

PITTSBURGH, April 6, 2021 /PRNewswire/ -- FARMACEUTICALRX, the leading natural and organic multistate vertically integrated medical marijuana operator in the United States ("FARMACEUTICALRX" or the "Company"), today announced that it has closed an up to $21 million senior secured term loan (the "Senior Term Loan") with AFC Gamma, Inc. (NASDAQ: AFCG) ("AFC"). The Senior Term Loan proceeds will be used to fund construction of the Company's processing and Level 1 cultivation facility in Ohio and for general working capital purposes.

FARMACEUTICALRX Closes Up To $21.0 Million In Debt Financing From AFC Gamma to Expand Medical Marijuana Operations in Ohio

Recently IPO-ed companies can be quite the endeavor to analyze. There's generally no 10-Qs or 10-Ks to analyze. Add in the inherent complexity of mortgage REITs and the ever-changing nature of cannabis legislation… and it's a worthy challenge.

AFC Gamma: Our Take On This Brand-New, Cannabis-Focused mREIT

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Cannabis Real Estate Lender AFC Gamma Rises 21% on First Day of Trading

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AFC Gamma (AFCG) stock is preparing to start trading on Friday after the marijuana play revealed details about its IPO yesterday. The post AFC Gamma IPO: 11 Things to Know About Cannabis Mortgage REIT AFCG Stock as Shares Start Trading appeared first on InvestorPlace.

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