Advanced Flower Capital :
AFCG
AFCG
Stock Data
$2.90
$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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