Advanced Flower Capital (AFCG) reported Q2 2025 results with a GAAP net loss of $13.2M but maintained a $0.15 dividend. Revenue missed estimates at $6.2M. Plans to shift from REIT to BDC to diversify lending.
Advanced Flower Capital (AFCG) is a microcap mortgage REIT, that focuses on the cannabis industry. The company paid a $0.10 per share special dividend in 2024.
AFC Gamma will report earnings for the quarter ended Sept. 30, 2024 on Wednesday, Nov. 13, 2024.The company will host a conference call to discuss its quarterly financial results at 10:00 am Eastern Time, the same day.Ascend Wellness will hold a conference call on Nov. 12, at 8:30 am ET following the release of its third quarter 2024 financial results.
AFC Gamma, Inc. (NASDAQ: AFCG) announced on Monday that it has committed and funded $41 million to a senior secured credit facility a vertically integrated cannabis operator in Maryland.The West Palm Beach, Florida-based company's move represents its second transaction with Story of Maryland, LLC.Daniel Neville, CEO of AFC said that the company hasexceeded its 2024 goal of $100 million in new originations. He called Story MD "a great example of the Cannabis 3.0 lending opportunities."
AFC Gamma, Inc. (NASDAQ: AFCG) announced on Monday that it has closed a new senior secured credit facility for Private Company Q and expanded its existing senior secured credit facilities for BeLeaf Medical, LLC and Sunburn Cannabis. he West Palm Beach, Florida-based company also committed an additional $5.5 million under the expansion of BeLeaf Medical, LLC's facility and holds the entire $26.1 million expanded credit facility. AFC said it has committed an additional $1.8 million under the expansion of Sunburn's credit facility and holds the entire $36.5 million expanded credit facility.
