Welcome to our dedicated page for Advanced Flower Capital news (Ticker: AFCG), a resource for investors and traders seeking the latest updates and insights on Advanced Flower Capital stock.
Advanced Flower Capital Inc. (Nasdaq: AFCG) generates news primarily through its activities as a specialty lender to cannabis-related and middle-market businesses and through its transition from a commercial mortgage REIT to a business development company (BDC). Based in West Palm Beach, Florida and externally managed by AFC Management, LLC, the company focuses on senior secured loans and other forms of debt to U.S. cannabis operators in compliant states, ancillary cannabis businesses, and select companies outside the cannabis industry.
News updates for AFCG often center on quarterly and annual financial results, including GAAP net income or loss and the company’s non-GAAP performance measure, Distributable Earnings. Releases commonly discuss portfolio performance, non-accrual positions, loan repayments and the Board’s decisions on quarterly cash dividends, which are informed in part by Distributable Earnings and other factors.
Another recurring theme in Advanced Flower Capital’s news is its strategic and regulatory evolution. The company has announced the expansion of its investment mandate beyond real estate-backed loans, the intention and subsequent approval to convert from a REIT to a BDC, and shareholder votes on key proposals such as a new investment advisory agreement and reduced asset coverage requirements under the Investment Company Act of 1940. These developments are accompanied by commentary from company leadership on investment opportunities and risk-adjusted return objectives.
Operational and financing updates also appear in AFCG’s news flow, including changes to its senior secured revolving credit facility and its use to fund commitments to borrowers, originate or participate in commercial loans to cannabis operators, and support working capital. Investors following AFCG’s news can review earnings releases, dividend declarations, credit facility announcements and regulatory milestones to understand how the company is managing its loan portfolio and capital structure under the REIT and, more recently, BDC frameworks.
Advanced Flower Capital (Nasdaq: AFCG) reported its Q1 2025 financial results with GAAP net income of $4.1 million ($0.18 per basic share) and Distributable Earnings of $4.5 million ($0.21 per basic share). The company paid a quarterly cash dividend of $0.23 per common share on April 15, 2025.
CEO Dan Neville emphasized AFC's focus on reducing exposure to underperforming credits while maintaining disciplined debt capital provision to accomplished operators. As a leading commercial mortgage REIT, AFC provides institutional loans ranging from $10 million to over $100 million to state-compliant cannabis operators, secured by real estate assets, license value, and cash flows.
Advanced Flower Capital (NASDAQ: AFCG) has successfully renewed its senior secured revolving credit facility with a leading commitment from an FDIC-insured bank holding over $75 billion in assets. The credit facility can be expanded to $100 million, subject to conditions, and matures on April 29, 2028. The facility bears interest at Prime + 0.50%, with a Prime floor of 6.50%.
AFC plans to utilize the facility to fund existing borrower commitments, originate new commercial loans to cannabis operators, and support working capital needs. This renewal represents a continuation of AFC's relationship with a significant banking partner, strengthening its financing capabilities in the cannabis sector.
Advanced Flower Capital (NASDAQ: AFCG) has announced its upcoming first quarter 2025 financial results release, scheduled for Wednesday, May 14th, 2025 before market open. The company will host a conference call and webcast at 10:00 am ET to discuss the results.
Investors can access the webcast through AFC's Investor Relations website and participate in the conference call by registering in advance through the provided link. A replay of the event will be made available one hour after its conclusion. The company distributes earnings releases through its website and email lists, with interested parties able to sign up for email updates.
Standard Wellness Holdings has secured a $14 million senior secured credit facility from Advanced Flower Capital (NASDAQ: AFCG). The financing, bearing a 12.5% interest rate, will be used to:
- Refinance existing debt, including full repayment of Focus Growth Capital Partners facility
- Early repayment of Columbia Care seller note from Cannabist dispensary acquisition in Springville, Utah
- Fund acquisition of a dispensary license in Saint Louis, Missouri (pending regulatory approval)
The transaction demonstrates Standard Wellness's strategic expansion and financial restructuring efforts. Gramercy Capital Group served as financial advisor, while Feuerstein Kulick acted as legal counsel for the transaction.
Advanced Flower Capital (AFCG) has committed to a $14 million senior secured credit facility to subsidiaries of Standard Wellness Holdings, a multi-state cannabis operator. The facility includes $10.5 million funded at close.
Standard Wellness will use the proceeds to acquire a dispensary in Missouri, relocate a Utah dispensary, and refinance existing debt. The credit facility is secured by first liens on Standard Wellness's Utah operations and dispensaries in St. Louis, MO and Cincinnati, OH, plus a second lien on its Ohio cultivation facility. The collateral includes owned real estate and cannabis licenses in Utah and Ohio.
Advanced Flower Capital (NASDAQ:AFCG) has released its Q4 and full-year 2024 financial results. The company reported a Q4 GAAP net loss of $(1.0) million ($(0.05) per share), while achieving Distributable Earnings of $6.3 million ($0.29 per share). For the full year 2024, AFCG posted GAAP net income of $16.8 million ($0.78 per share) and Distributable Earnings of $34.9 million ($1.68 per share).
The Board has declared a Q1 2025 dividend of $0.23 per common share, payable on April 15, 2025. CEO Daniel Neville highlighted the ongoing capital supply-demand imbalance in the cannabis sector, citing the Republican sweep and lack of federal reform progress as contributing factors. The company maintains its focus on capital preservation and portfolio diversification while providing debt capital to experienced cannabis operators.
Advanced Flower Capital (AFCG) has announced a $15 million senior secured credit facility to Story of Ohio , a subsidiary of Story Companies. The funding will support Story's expansion in Ohio's adult-use cannabis market through the acquisition and development of dispensaries.
The credit facility consists of a first-lien term loan secured by Story of Ohio's assets, including cannabis licenses and real estate in both Ohio and Georgia. Story Companies, a private multi-state cannabis operator, is led by CEO Jason Vedadi and has a track record of successful execution in the volatile cannabis market.
AFC will hold the entire credit facility, with AFC Agent serving as the transaction agent. The partnership aims to enable Story to capitalize on key market opportunities in Ohio's growing cannabis market.
Advanced Flower Capital (AFCG) has announced it will release its Q4 and full-year 2024 financial results on Thursday, March 13, 2025, before market open. The company will host a conference call and webcast at 10:00 am ET on the same day to discuss the results.
Investors can access the webcast through the company's Investor Relations website at investors.advancedflowercapital.com. Conference call participation requires advance registration. A replay of the event will be available one hour after its conclusion. The company distributes earnings releases through its website and email lists, with interested parties able to sign up for email updates.
Advanced Flower Capital (AFCG) has declared a quarterly dividend of $0.33 per share for Q4 2024, maintaining the same level as the previous quarter. The dividend will be paid on January 15, 2025 to stockholders of record as of December 31, 2024.
AFCG operates as a commercial mortgage REIT, providing institutional loans to state-compliant cannabis operators in the U.S. The company specializes in originating, structuring, and managing loans ranging from $10 million to over $100 million, secured by real estate assets, license value, and cash flows.
Advanced Flower Capital reported Q3 2024 financial results with GAAP net income of $1.4 million ($0.06 per share) and Distributable Earnings of $7.2 million ($0.35 per share). The company paid a quarterly dividend of $0.33 per share. CEO Daniel Neville highlighted their success in surpassing the 2024 target of $100 million in new originations, demonstrating strong portfolio management and ability to support high-quality operators in key markets.
FAQ
What is the current stock price of Advanced Flower Capital (AFCG)?
What is the market cap of Advanced Flower Capital (AFCG)?
