AFC Gamma, Inc., a company specializing in direct lending and bridge loan opportunities within the real estate sector, intends to pay a dividend of $0.48 per share for the September 30, 2023 quarter. This dividend will be payable on October 13, 2023, to common stockholders on record as of September 30, 2023.Expansion into Cannabis Sector FinancingIn a strategic move aimed at capitalizing on the burgeoning growth within the cannabis industry, AFC Gamma continues to expand its operations by offering lending services to state-law-compliant cannabis operators. By leveraging its expertise in real estate lending, the company aims to identify and support promising ventures driving transformational growth across the industry.Ensuring Sustainability through DiversificationBesides focusing on financing solutions for cannabis operators, AFC Gamma continues exploring opportunities in other real estate market sectors. This strategic approach demonstrates AFC Gamma’s commitment to delivering sustained returns for its stockholders amidst uncertain economic conditions. Due to conflicts between federal and state regulations, traditional banks remain apprehensive about funding this nascent yet fast-growing industry.
AFC Gamma, Inc., a company specializing in direct lending and bridge loan opportunities within the real estate sector, intends to pay a dividend of $0.48 per share for the September 30, 2023 quarter. This dividend will be payable on October 13, 2023, to common stockholders on record as of September 30, 2023.
Expansion into Cannabis Sector Financing
In a strategic move aimed at capitalizing on the burgeoning growth within the cannabis industry, AFC Gamma continues to expand its operations by offering lending services to state-law-compliant cannabis operators. This decision to focus on financing solutions for the...
Read the full article @ Marijuana Index