High Yield Cannabis REIT - AFC Gamma CEO Leonard Tannenbaum

Summary

• AFC Gamma provides loans to the top cannabis operators in the US.
• Federal legalization, property redundancies, and the future of AFC Gamma when legalization eventually passes.
• Protecting loans and shareholder value by staying away from distressed states and focusing on limited license states.
• AFC Gamma's high dividend yield.
• Why smaller cannabis companies only have 2 years to pick a partner in today's M&A boom.

• 4:00 - AFC Gamma (NASDAQ:AFCG)'s high dividend yield.

• 5:39 - Maintaining high enterprise value in order to mitigate risks and protect capital

• 7:06 - Federal legalization will create property redundancies

• 18:40 - What investors get wrong about AFC Gamma

• 21:04 - Defaults, distressed lenders, and distressed assets

• 26:45 - AFCG's revenue outlook

• 28:23 - Who is going to come out on top in the cannabis industry?

Date of interview: May 10th, 2022

Comments

[fisherick]

Looks like a couple of decent insider purchases last week or so.

[Selective Stocker]

Why did he pull his 75 million already?

[Liquidity Swords]

@Michael Sarasota ?

[onebadnova]

Nice raise today.

[Liquidity Swords]

like what i'm hearing but it seems like this was recorded over a month ago? He says "we reported earnings this morning" at one point, that would make it 5/10. Markets have only sh*t the bed more since then, hopefully not hurting their model too much... Anyway I continue to nibble at this monster value at current prices.

[trock1]

@Liquid Swords I caught that as well. I think it was recorded right after earnings. Picked some more up today sub $16. I’ll take 14% in this current market environment.

[KamilAgrawala]

Interesting he says - the REIT has actually under distributed. So expect a special dividend too! (or sizable increases)