Advanced Flower Capital Inc. Announces Financial Results for the Second Quarter 2025

About this update from Advanced Flower Capital Inc.

[{"type":"image","alt":"Advanced Flower Capital","displaySize":"","headline":null,"caption":"Advanced Flower Capital","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":107,"url":"https://media.zenfs.com/en/globenewswire.com/4f43dcc06aef24305efa01c71eff80c2"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/qNXQHag9zS9Q6exE36RkcA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE1MDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/4f43dcc06aef24305efa01c71eff80c2","width":300,"height":107}},"lazy":false},{"type":"text","content":"Second quarter 2025 GAAP net loss of $(13.2) million or $(0.60) per basic weighted average common share and  Distributable Earnings(1) of $3.4 million or $0.15 per basic weighted average common share","length":220,"tagName":"p"},{"type":"text","content":"Announces Intention to Convert from Mortgage REIT to BDC","length":56,"tagName":"p"},{"type":"text","content":"WEST PALM BEACH, Fla., Aug. 14, 2025 (GLOBE NEWSWIRE) -- Advanced Flower Capital Inc. (Nasdaq: AFCG) (“Advanced Flower Capital”, “AFC” or the “Company”) today announced its results for the quarter ended June 30, 2025.","length":217,"tagName":"p"},{"type":"text","content":"AFC reported generally accepted accounting principles (“GAAP”) net loss of $(13.2) million or $(0.60) per basic weighted average common share and Distributable Earnings of $3.4 million or $0.15 per basic weighted average common share for the second quarter of 2025.","length":270,"tagName":"p"},{"type":"text","content":"“During the quarter, we focused on working through our non-accrual credits with the goal to achieve resolution, paydowns and paybacks of our loans. More broadly, there continues to be a lack of capital entering the cannabis market and we are selectively evaluating opportunities with established operators of scale in attractive markets,” said Dan Neville, AFC’s Chief Executive Officer.","length":387,"tagName":"p"},{"type":"text","content":"Expansion of Investment Mandate","length":31,"tagName":"p"},{"type":"text","content":"The Company announced that its Board of Directors, including its independent directors, and external manager have approved an amendment to the management agreement, expanding the Company’s investment mandate to include secured loans to companies ancillary to the cannabis industry as well as public and private middle ...

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