AFCG logo Advanced Flower Capital : AFCG

AFCG

Stock Data

$2.90

Change up

$0.06 (2.11%)

Asset Type

Common Stock

Exchange

NASDAQ

Currency

USD

Country

USA

Sector

FINANCIAL SERVICES

Industry

ASSET MANAGEMENT

AFC Gamma Inc specializes in financing the cannabis industry, focusing on companies that are well-established in states where cannabis is legally recognized for medical or adult use. They provide senior secured loans, often backed by critical assets like real estate, equipment, and licenses. By doing so, AFC Gamma plays a pivotal role in supporting the growth of the cannabis sector. The company, which started in 2020 and is based in West Palm Beach, Florida, operates as a real estate investment trust, optimizing its tax status under U.S. law.

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