Christopher Muller's questions to Advanced Flower Capital Inc (AFCG) leadership • Q1 2025
Question
Inquired about the potential opportunity for private lenders if Pennsylvania adopts a state-run cannabis model, the composition and growth expectations for the deal pipeline, and whether borrowers are being affected by tariffs on supplies.
Answer
Executives stated that a state-run cannabis model in Pennsylvania is unlikely and not factored into their opportunity assessment. They reiterated a cautious and selective approach to originations with no set targets due to market volatility. They also noted that the impact of tariffs on their borrowers is minimal as most critical supplies like fertilizer are sourced domestically.