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Bullboard - Stock Discussion Forum Advanced Flower Capital Inc AFCG

Advanced Flower Capital Inc. is a commercial mortgage real estate investment trust (REIT) that provides institutional loans to state-law compliant cannabis operators in the United States. It originates, structures, underwrites and manages loans ranging from $10 million to over $100 million, secured by real estate assets, license value and cash flows. It provides capital support across... see more

NDAQ:AFCG - Post Discussion

Advanced Flower Capital Inc > AFCG expected to IPO DURING THE WEEK OF February 16.
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Post by hintonkid on Feb 15, 2021 10:59pm

AFCG expected to IPO DURING THE WEEK OF February 16.

AFCG is expected to begin trading, in the US, during the week of February 16.  The company will debut as a US REIT as a financial company providing loans of around $10 million or more to US companies operating in the Cannibas space.  The IPO price has been set at $19.00 US per share.  I expect that because of the nature of the IPO the demand for shares, when the company begins trading, could be quite strong.
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