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Cannabis-Focused Commercial Mortgage REIT Exceeds $100M In New Originations With $41M Credit Facility For Maryland Marijuana Operator
Monday, October 7, 2024 - 2:14pm | 487AFC Gamma, Inc. (NASDAQ:AFCG) announced on Monday that it has committed and funded $41 million to a senior secured credit facility a vertically integrated cannabis operator in Maryland. The Florida-based company's move represents its second transaction with Story of Maryland, LLC. Daniel Neville,...
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AFC Gamma Q1 2024 Reports Sharp YoY Net Income Drop Amid $90M Loan Expansion
Thursday, May 9, 2024 - 12:10pm | 586AFC Gamma Inc. (NASDAQ:AFCG), a cannabis-focused commercial real estate finance company, announced its results Thursday for the first quarter ended March 31, 2024. Comparing year-over-year, AFC Gamma’s net income dropped from $10.0 million in Q1 2023 to a loss of $0.1 million in Q1 2024....
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Nasdaq-Traded AFC Gamma Reports 41% YoY Drop In Net Income, Plans To Be Pure-Play Cannabis Lender In 2024
Thursday, March 7, 2024 - 11:29am | 702Cannabis-focused commercial real estate finance company AFC Gamma Inc. (NASDAQ:AFCG) announced on Thursday its results for the fourth quarter and year ended Dec. 31, 2023. The company reported net interest income of $64.2 million in fiscal 2023, compared to $74.7 million in fiscal 2022. Net...
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Top Cannabis Industry Leaders Who Took The Reins In 2023
Friday, December 29, 2023 - 2:15pm | 1154In 2023, top executives in the cannabis industry continued to play a pivotal role in shaping the future of the rapidly growing market. These executives championed sustainability, social responsibility and inclusive business practices on the path to creating a more diverse and equitable cannabis...
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Cannabis Lender Reports 30% YoY Drop In Q3 Net Income, Taps Cannabis Veteran As New CEO
Wednesday, November 8, 2023 - 11:07am | 719Cannabis lender AFC Gamma, Inc. (NASDAQ: AFCG) announced its third-quarter results on Wednesday for the three months ended Sept. 30, 2023, revealing a year-over-year in net interest income to $15.3 million from $18.1 million in the prior year’s period. Q3 2023 Financial Highlights Total...
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Cannabis Lender Taps Industry Veteran As CEO To Gain In-House Operating Expertise
Monday, October 30, 2023 - 1:56pm | 666Cannabis-focused commercial real estate finance company AFC Gamma, Inc. (NASDAQ: AFCG) has tapped an industry veteran, Daniel Neville, as its new CEO. Neville agreed to assume the role effective Nov. 13, 2023, the Florida-based company said on Monday. He succeeds Leonard Tannenbaum, who will...
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Where To Buy Legal Weed These Days: Seven New Retail Locations Launch Cannabis Sales In These States
Wednesday, November 23, 2022 - 9:17am | 847Curaleaf Bolsters FL Retail Footprint With Two New Stores Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) announced the opening of two new Florida cannabis dispensaries, Orlando International Drive and Miami South Beach. The shops are Curaleaf's 53rd and 54th locations to open in the...
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Exclusive: Ascend Wellness Launches Medical Cannabis Operations in Pennsylvania
Friday, October 21, 2022 - 3:54pm | 302Ascend Wellness Holdings, Inc. (CSE: AAWH.U) (OTCQX: AAWH), a multi-state, vertically integrated cannabis operator focused on bettering lives through cannabis, announced the opening of its Scranton, Pennsylvania dispensary for medical patients only. Ascend Scranton is located at 605 Davis Street....