Advanced Flower Capital Inc. reported strong financial results for 2024 with dividends declared

From GlobeNewswire: 2025-03-13 07:33:00

Advanced Flower Capital Inc. reported a fourth-quarter 2024 GAAP net loss of $(1.0) million or $(0.05) per basic share, with Distributable Earnings of $6.3 million or $0.29 per basic share. For the full year 2024, GAAP net income was $16.8 million or $0.78 per basic share, with Distributable Earnings of $34.9 million or $1.68 per basic share. A dividend of $0.23 per common share for the first quarter of 2025 was declared. The company’s 2025 Annual Shareholders Meeting is set for May 19, 2025. Additional information and financial results are available on their website.

AFC’s CEO believes that the cannabis sector imbalance will persist due to political factors, allowing for strategic capital deployment. Distributable Earnings, a key metric, is used to evaluate performance, excluding certain transactions and adjustments. Forward-looking statements highlight growth strategies and potential risks. For investor relations, contact Robyn Tannenbaum at (561) 510-2293, and for media inquiries, contact Rich Myers at (347) 774-1125.



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