Advanced Flower Capital Inc. originates, structures, underwrites, invests in, and manages senior secured loans and other types of mortgage loans and debt securities for established companies operating in the cannabis industry. It primarily originates loans structured as senior loans secured by real estate, equipment, cash flows, and licenses and/or other assets of the loan parties to the extent permitted by applicable laws and the regulations governing such loan parties. The company was formerly known as AFC Gamma, Inc. and changed its name to Advanced Flower Capital Inc. in October 2024. Advanced Flower Capital Inc. was incorporated in 2020 and is based in West Palm Beach, Florida.
AFC Announces Financial Results for the Second Quarter 2026
Advanced Flower Capital reported Q2 net investment income of $3.5 million, or $0.15 per share, a sequential decline from $0.21 per share in the prior quarter, while total investment income fell to $8.7 million.
Net asset value per share increased to $8.25 from $7.90, driven by the repurchase of 839,406 shares at a weighted average price of $3.29, which generated $0.17 of NAV accretion.
The company paid a $0.05 per share distribution and ended the quarter with a weighted average yield of 13.2% on its income-producing debt investments, maintaining liquidity of over $70 million.