Advanced Flower Capital Inc. (AFCG)

Advanced Flower Capital's stock price has significantly declined over the past year. In Q1 2025, the company reported distributable earnings of $0.21 per share, noting a supply and demand imbalance in the cannabis sector. The company's Q2 2025 earnings missed forecasts, leading to a stock price drop. Dividends were announced for Q2 and Q3 2025. Advanced Flower Capital announced its planned conversion to a BDC to expand its investment mandate. Alliance Global Partners downgraded Advanced Flower Capital to Neutral. AFCG expanded its revolving credit facility with an additional commitment.

Specific seasonal fluctuations for Advanced Flower Capital's lending products are not explicitly detailed. The company operates within the growing cannabis industry. AFCG benefits from a favorable supply-demand imbalance for debt capital in the cannabis sector. This suggests consistent and high demand for financing solutions. The company's ability to maintain high portfolio yields indicates strong demand for its capital.

Advanced Flower Capital, Inc. (AFCG) is a commercial mortgage REIT providing senior secured loans and debt financing to state-licensed cannabis companies in the U.S. Its primary products are senior loans secured by real estate, equipment, cash flows, and licenses. Formerly known as AFC Gamma, Inc., the company changed its name in October 2024. Advanced Flower Capital aims to provide risk-adjusted returns through direct lending and bridge loan opportunities, typically ranging from $10 million to $100 million. The company plans to convert to a Business Development Company (BDC) to expand its investment mandate beyond the cannabis industry.

Advanced Flower Capital, Inc. is based in West Palm Beach, Florida, and provides institutional loans to state-licensed cannabis operators across the United States.

Advanced Flower Capital's brand reputation has been impacted by challenges within the cannabis lending sector and the company's financial performance. News headlines and analyst commentary reflect concerns. The downgrade by Alliance Global Partners indicates a shift in analyst sentiment. The significant miss in Q2 2025 earnings and the subsequent stock price drop likely contributed to negative sentiment. Management's focus on non-accrual credits suggests problems with cannabis industry borrowers.

Advanced Flower Capital is owned by a mix of institutional shareholders, insiders, and retail investors. Insiders hold the largest portion, followed by institutional shareholders, and retail investors. Robyn Tannenbaum is the largest individual shareholder. Leonard M. Tannenbaum is also a significant insider. Key institutional owners include BlackRock, Inc., Vanguard Group Inc, State Street Corp, Northern Trust Corp, D. E. Shaw & Co., Inc., and Morgan Stanley.