Connect with us

Business

AFC Gamma Inc (NASDAQ: AFCG) Increases Quarterly Dividend by 13.2% per Share, and the Group Expands its Senior Secured Credit Facility with Devi Holdings, Inc. by $30 Million

Published

on

AFC Gamma Inc (NASDAQ: AFCG) recently announced a dividend for the quarter ending September 30, 2021. The board of directors of the company made an official announcement about the respective quarterly ending. As per the announcement, common stockholders are eligible for $0.43 per outstanding share of common stock. The amount is payable on October 15, 2021, to the company’s common stockholders as of September 30, 2021. The dividend sanctioned by the company in September is higher than what the company offered in June. An approximate 13.2% increase is provided in the September quarterly dividend compared to $0.38 in the June quarterly dividend. 

AFC Gamma Inc expands existing senior secured credit facility with Devi Holdings, Inc

AFC Gamma Inc announced that the group had expanded its ongoing senior secured credit facility with Devi Holdings, Inc. As a result, the respective continuous credit facility is expanded by a whopping $30 Million. 

It has come to light that Devi Holdings Inc. is doing business as Nature’s Medicines, which is a multi-state operator headquartered in Phoenix, Arizona. The credit facility, it is learned, is designed and developed to provide Nature’s Medicines. 

The partnership will help achieve meaningful business goals

The partnership will go a long way in helping the group business goals, expressed Leonard M. Tannenbaum, Chief Executive Officer of AFC Gamma Inc. The group’s CEO went on record and added that the company is undeterred with its committeemen of working near borrowers as they grow their business from one stage to the other. Tannenbaum said that the corporate house would work on building long-lasting relationships. 

Nature’s Medicines is looking forward to seeking the support of AFC Gamma Inc

Nature’s Medicines aim to expand its footprint and position itself as a leading multi-state operator. At this juncture, the group depends on the support offered by AFC Gamma Inc to help it achieve this goal. Jigar Patel, who serves as Chief Executive Officer of Nature’s Medicines, went on record and stated that since May 2020, AFC Gamma Inc has provided support that has helped Nature’s Medicines streamline its capital structure and work on achieving its business growth initiatives.

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.

FEATURED STORIES

Business2 days ago

CytoDyn Inc (OTCMKTS: CYDY) Announces Study to Investigate Leronlimab for Triple-negative Breast Cancer Treatment

Post Views: 18 CytoDyn Inc (OTCMKTS: CYDY) has announced that there will be a study on the drug leronlimab and...

Business2 days ago

Curaleaf Holdings Inc (OTCMKTS: CURLF) Completes Acquisition of Los Sueños Farms

Post Views: 38 Curaleaf Holdings Inc (OTCMKTS: CURLF) has completed the acquisition of the most enormous outdoor grow in Colorado,...

Business2 days ago

BAE SYSTEMS ADR (OTCMKTS: BAESY) and Keep Scotland Beautiful Launch Cleaning Hub in Govan

Post Views: 14 BAE SYSTEMS ADR (OTCMKTS: BAESY), a designer, developer and manufacturer of aerospace systems used in space, land,...

Business2 days ago

Charlotte’s Web Holdings Inc (OTCMKTS: CWBHF) Announces it Will Expand Distribution Following Passing of Assembly Bill 45

Post Views: 10 Charlotte’s Web Holdings Inc (OTCMKTS: CWBHF) has announced that it will expand product distribution in California following...

Technology3 days ago

BAE Systems Inc. (OTCMKTS: BAESY) Granted five-year $68.5 Million Air Traffic Control Contract

Post Views: 12 BAE Systems Inc. (OTCMKTS: BAESY) has been picked for a 5-year $68.5M indefinite-quantity, indefinite-delivery contract enabling it...

Business3 days ago

CytoDyn Inc (OTCMKTS: CYDY) Announces Appointments of New Chief Operating Officer and Senior Executive Vice President

Post Views: 30 CytoDyn Inc (OTCMKTS: CYDY) has announced that it has appointed Nitya Ray, Ph.D., to act as its...