As previously reported, Seaport Research analyst Sonny Randhawa initiated coverage of AFC Gamma with a Buy rating and $13 price target AFC Gamma was the first institutional loan origination platform lending to companies operating within the cannabis industry and with the rest of the cannabis sector range-bound, “anxiously awaiting the DEA’s decision on rescheduling,” the ultimate elimination of 280E taxes is “just one of the many company specific and industry catalysts that should benefit AFCG over the coming years,” the analyst tells investors.
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Read More on AFCG:
- AFC Gamma initiated with a Buy at Seaport Research
- AFC Gamma provides Story of Maryland with $41M senior secured credit facility
- AFC Gamma announces first post-spin quarterly dividend of 33c per share
- AFC Gamma price target lowered to $13 from $16 at Jefferies
- AFC Gamma provides new senior secured facility, expands existing facilities
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