May 13, 20211 min
Updated: Oct 16, 2022
There is no doubt that NASDAQ is a litmus test of an industry's ability to gain a foothold in the capital markets. On March 19, AFC Gamma, Inc. went public on NASDAQ, raising $111.8 million by issuing 6.3 million shares at $19. This one-year-old company, founded in 2020 in West Palm Beach, Florida, with nine full-time employees, is an emerging commercial mortgage real estate investment trust (REIT) company focused on the cannabis industry.
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