Cigna earnings beat by $0.04, revenue topped estimates
In a challenging economic climate, AFC Gamma Inc. (NASDAQ:AFCG) stock has touched a 52-week low, dipping to $7.6. According to InvestingPro data, the company maintains a strong financial position with a current ratio of 5.09, indicating robust liquidity. Notably, the stock offers an impressive 15.55% dividend yield. The investment firm, specializing in loans to cannabis companies, has faced a tumultuous market, reflecting broader industry uncertainties. Despite the downward pressure, AFC Gamma’s performance has shown resilience, with InvestingPro analysis indicating a 17.09% total return over the past year. Analyst targets suggest potential upside, with price targets ranging from $10 to $14. This performance underscores the nuanced investor sentiment towards the cannabis sector and AFC Gamma’s role within it. For deeper insights into AFCG’s valuation and growth prospects, explore the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Advanced Flower Capital Inc. announced a $15 million senior secured credit facility for Story of Ohio LLC, aimed at expanding its dispensary operations in Ohio. This credit facility is structured as a first-lien term loan, secured by Story’s assets, including cannabis licenses and real estate. Additionally, Advanced Flower Capital has secured a $40 million unsecured revolving credit facility, as disclosed in a recent 8-K filing with the Securities and Exchange Commission. The credit agreement, arranged with AFC Finance, LLC, carries an interest rate of 8.00% per annum and is set to mature on December 31, 2025. This unsecured facility reflects lenders’ confidence in the company’s creditworthiness and financial stability. The company views this financial maneuver as part of its broader strategy to secure flexible financing options. These developments highlight Advanced Flower Capital’s ongoing efforts to support compliant cannabis operators and enhance its financial agility.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.