Advanced Flower Capital Inc
advancedflowercapital.comWhat Do They Do?
Lends to cannabis operators and related businesses, as well as other middle-market companies, through secured loans backed by property, equipment, cash flows or other assets.
10-K for FY2025, filed Mar 4, 2026
How Do They Make Money?
Earns interest on loans based on each loan’s outstanding principal and terms; origination fees and discounts contribute to interest income over the initial loan term.
10-K for FY2025, filed Mar 4, 2026Interest income from loans is accrued based on the outstanding principal amount and the contractual terms of each loan. Origination fees…View ↗
$24.6M
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10-K for FY2025, filed Mar 4, 2026
$24.6M ↗
Who Are Their Customers?
Its borrowers include state law-compliant cannabis operators and ancillary cannabis companies, along with other public and privately held middle-market companies.
10-K for FY2025, filed Mar 4, 2026During the year ended December 31, 2025, we primarily originated, structured, underwrote, invested in and managed senior secured loans and…View ↗
Do Revenues Turn Into Profits?
No. It lost $20.7M in FY2025.
10-K for FY2025, filed Mar 4, 2026
10-K for FY2025, filed Mar 4, 2026
−$20.7MView ↗
How Are They Changing?
Broader lending mandate
The older report described adding non-cannabis commercial real estate loans, property and mortgage-backed securities. The latest report extends its mandate to ancillary cannabis and other industries, including borrowers that do not meet the former real-estate collateral rules.
10-K for FY2022, filed Mar 7, 2023 10-K for FY2025, filed Mar 4, 2026AFC Gamma, Inc. is an institutional lender to the commercial real estate sector that was founded in July 2020 by a veteran team of…View ↗
At a meeting of the Board of Directors (the “Board”) on August 12, 2025 (the “August Meeting”), the Board approved the Sixth Amendment to…View ↗
Prior to the Conversion, we historically focused on lending to vertically integrated cannabis industry companies with significant real…View ↗
In addition, following the Conversion, we are no longer subject to constraints regarding real property collateral coverage and in pursuit…View ↗
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