Cannabis Lender Taps Industry Veteran As CEO To Gain In-House Operating Expertise
Portfolio Pulse from Jelena Martinovic
AFC Gamma, Inc. (NASDAQ:AFCG), a cannabis-focused commercial real estate finance company, has appointed Daniel Neville as its new CEO, effective Nov. 13, 2023. Neville, an industry veteran, previously served as CFO for Ascend Wellness Holdings, Inc. (OTCQX:AAWH). The move is seen as AFC Gamma's commitment to lending to the cannabis industry and expanding as it grows.
October 30, 2023 | 5:56 pm
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Ascending
NEGATIVE IMPACT
Daniel Neville, former CFO of Ascend Wellness Holdings, Inc., has been appointed as the new CEO of AFC Gamma, Inc. This could potentially impact Ascend Wellness Holdings' operations.
The departure of the CFO could potentially impact Ascend Wellness Holdings' operations and financial management, which could negatively impact the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
AFC Gamma, Inc. has appointed Daniel Neville as its new CEO. This move could potentially strengthen the company's position in the cannabis industry.
The appointment of an industry veteran as CEO could potentially strengthen AFC Gamma's position in the cannabis industry, which could positively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100