AFC’s third-quarter profit plunges 91% as cannabis borrowers struggle
Advanced Flower Capital Inc. (NASDAQ: AFCG), formerly known as AFC Gamma, reported sharply lower third-quarter earnings as profit plunged 91% from the second quarter and 82% year-over-year amid ongoing challenges with problem loans. The Florida-based real estate investment trust posted net income of $1.4 million, down from $16.4 million in the previous quarter and $8 […]
