AFC Gamma Inc is a specialty finance company that provides loans to operators in the legal cannabis industry. The company was founded in 2020 and is based in West Palm Beach, Florida, USA. It was formed to address the financing needs of cannabis companies operating in the rapidly growing and evolving legal cannabis market.
AFC Gamma's primary focus is on providing asset-backed loans and other credit facilities to licensed cannabis operators. These loans are tailored to meet the specific needs of the cannabis industry, offering operators the capital necessary for expansion, working capital, and other strategic initiatives. The company targets established, cash-flow positive businesses with strong management teams and stable operations.
As a financial services company, AFC Gamma operates within the highly regulated cannabis industry. Its loans are extended only to licensed and compliant operators in states where cannabis is legal for medical or recreational use. The company follows strict underwriting and due diligence processes to mitigate risk and ensure compliance with applicable laws and regulations.
The company's mission is to support the growth of the legal cannabis industry by providing flexible and efficient financing solutions to well-established operators. By doing so, AFC Gamma aims to help these businesses expand their operations, create jobs, and contribute to the broader economic growth in the cannabis sector.