AFC Gamma, Inc.: insider trades · United States · SEC (Form 4)

About AFC Gamma, Inc.

AFC Gamma, Inc. — now operating under the name Advanced Flower Capital Inc. — is a U.S.-listed specialty finance company traded on the NASDAQ under ticker AFCG in the United States. The company began operations in July 2020 and completed its IPO in March 2021. Its corporate headquarters are in West Palm Beach, Florida. Over time, the firm built its platform as an institutional lender to the cannabis industry and then broadened its approach toward the lower middle market; more recently, it elected to be regulated as a business development company (BDC), effective January 1, 2026. ([investors.afcgamma.com](https://investors.afcgamma.com/?utm_source=openai)) Its core business is direct origination, structuring, investing in, and managing senior secured loans, with transaction sizes typically ranging from $10 million to $100 million. AFC targets companies generating annual EBITDA of roughly $5 million to $50 million and emphasizes an opportunistic, risk-adjusted return profile. In recent disclosures, the company states that it primarily originates and manages senior debt investments, with a specialization in lending to cannabis operators in U.S. states where medical and/or adult-use cannabis is legal. That focus has historically defined AFC’s market position and remains a key differentiator versus broader commercial lenders that generally avoid the sector. ([investors.afcgamma.com](https://investors.afcgamma.com/?utm_source=openai)) From a competitive standpoint, AFC Gamma operates in a niche with limited traditional bank competition because cannabis-related lending remains constrained by regulatory complexity and sector risk. That scarcity of capital can support pricing power and underwriting discipline, but it also means the business is exposed to regulatory, legal, and borrower-concentration risks. The company’s strategy has therefore centered on structured credit, asset-backed lending, and close portfolio monitoring. AFC is a Maryland corporation, and its platform is designed to serve credit needs that are often underserved by conventional lenders. ([investors.afcgamma.com](https://investors.afcgamma.com/ir-resources/investor-faqs/?utm_source=openai)) Recent corporate milestones are important for investors. In February 2024, AFC announced the separation of its commercial real estate lending business into Sunrise Realty Trust, helping sharpen AFC’s strategic focus on specialty lending. In March 2026, the company expanded its revolving credit facility with an additional $30 million commitment from an existing FDIC-insured banking partner. Its first-quarter 2026 results, released in May 2026, showed improved net asset value per share and a conservative net debt-to-equity ratio, reinforcing the view that management is balancing growth with balance-sheet discipline. For English-speaking investors, AFCG remains a specialized NASDAQ-listed U.S. credit platform tied to alternative lending themes, especially cannabis finance and lower-middle-market private credit. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1822523/000182252324000011/afcgspin-offpressrelease.htm?utm_source=openai))