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.

Earnings data Q2 2021

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AFC Gamma reports robust Q1 performance and highlights cannabis industry momentum

AFC Gamma's Q1 2023 earnings call showcased strong financial performance, a conservative approach to capital deployment, and positive momentum in the cannabis industry. The company's strengths were evident in its financial results and talent development, while opportunities in the cannabis market were emphasized.

AFC Gamma reports strong Q2 earnings, eyes growth in cannabis market

AFC Gamma's Q2 performance reflects strong financial results, conservative capital deployment, and proactive portfolio management. The company faces challenges in managing risk associated with new investments and struggling companies but has opportunities for growth in the expanding cannabis market.

AFC Gamma appoints new CEO, focuses on cannabis industry growth

AFC Gamma's Q3 performance reflects strong distributable earnings and a strategic shift towards the cannabis industry. The appointment of a new CEO with cannabis expertise and the focus on well-capitalized operators position the company for future growth. However, regulatory developments and a shift in the commercial real estate pipeline present short-term challenges.

AFC Gamma reports robust Q4 earnings, eyes growth in cannabis lending

AFC Gamma delivered strong financial performance in Q4 2023, emphasizing its commitment to cannabis industry lending and strategic initiatives like the Sunrise Realty Trust spin-off. While facing competition and strategic challenges, AFC has opportunities for growth in the evolving cannabis market.

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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

AFC Gamma Provides DMA Holdings With $19.75 Million Senior Secured Credit Facility to Fund Its Massachusetts Expansion

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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

Brings Extensive Leadership Experience and Deep Financial Acumen

AFC Gamma, Inc. Announces Appointment of Brett Kaufman as New Chief Financial Officer

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.

AFC Gamma: Getting Into The Weeds (Pun Intended)

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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.

News for AFC Gamma Stock (AFCG)