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. reports developments as a publicly traded business development company that provides flexible credit solutions to lower middle-market companies. The company originates, structures, invests in and manages direct senior debt investments, including senior secured credit facilities for borrowers and sponsor-backed transactions across industries.
Recurring news for AFCG includes quarterly and annual financial results, net investment income, net asset value, Distributable Earnings, common stock distributions, investment fundings, leverage, and revolving credit facility activity. Company updates also cover its operating framework as a BDC and the financing sources used to support portfolio investments and general corporate purposes.
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.
AFC Gamma, Inc. (Nasdaq:AFCG), operating as Advanced Flower Capital, has announced its plans to report earnings for the quarter ended September 30, 2024, on Wednesday, November 13, 2024. The company will host a conference call at 10:00 am Eastern Time on the same day to discuss its quarterly financial results.
Interested parties can participate in the call through a live audio webcast available on the Investor Relations section of AFC's website. For telephone participation, registration is required in advance. The complete webcast will be archived for 90 days on AFC's website.
Advanced Flower Capital is a leading commercial mortgage REIT providing institutional loans to state law compliant cannabis operators in the U.S. The company originates, structures, and underwrites loans ranging from $10 million to over $100 million, typically secured by real estate assets, license value, and cash flows.
AFC Gamma, Inc. (Nasdaq:AFCG) has committed and funded $41 million to a senior secured credit facility for Story of Maryland, (Story MD), a leading vertically integrated cannabis operator in Maryland. This transaction has helped AFC exceed its 2024 goal of $100 million in new originations. Story MD plans to use the proceeds to refinance existing debt and provide working capital.
Daniel Neville, CEO of AFC, emphasized the company's focus on reinvigorating its origination engine and highlighted Story Cannabis as an example of Cannabis 3.0 lending opportunities. Jason Vedadi, CEO of Story Cannabis, stated that the financing will strengthen Story's balance sheet and support growth initiatives.
The credit facility consists of a first-lien term loan secured by Story MD's real property, cannabis licenses, and operations in Maryland. AFC Gamma, a commercial mortgage REIT, specializes in providing institutional loans to state law compliant cannabis operators in the U.S.
AFC Gamma, Inc. (Nasdaq: AFCG), a leading commercial mortgage REIT for cannabis operators, has announced its first post-spin dividend for the third quarter of 2024. The company's Board of Directors has declared a quarterly dividend of $0.33 per outstanding share of common stock, payable on October 15, 2024, to stockholders of record as of September 30, 2024.
AFC Gamma specializes in providing institutional loans to state law compliant cannabis operators in the U.S., with loan amounts ranging from $10 million to over $100 million. These loans are typically secured by quality real estate assets, license value, and cash flows. The company leverages its management team's extensive network and expertise in credit and cannabis to originate, structure, and underwrite these loans.