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This Cannabis Lender Is Sitting On A Stack Of Capital: 100% Dividends Meet Equity-Like Returns

Benzinga ·  Jul 21 00:47

In a recent webinar hosted byPablo ZuanicfromZuanic & Associates, AFC Gamma's top executives discussed the company's strategic direction, focusing on the spin-off of its commercial real estate business, the current state of its cannabis loan book, and its competitive positioning in the industry.

Spin-Off Rationale And Structure

Dan Neville, CEO of AFC Gamma, Inc. (NASDAQ:AFCG), detailed the strategic decision to spin off the company's commercial real estate business into a separate entity,Sunrise Realty Trust(NASDAQ:SONS).

Neville explained, "We identified a void in the industry for traditional institutional lending to the...

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