Earnings Season Looms Large: Here's When Leading Marijuana Lender And This Cannabis Company Will Report Results
Portfolio Pulse from Jelena Martinovic
AFC Gamma, Inc. (NASDAQ:AFCG) and Ascend Wellness Holdings, Inc. (OTCQX:AAWH) are set to report their Q3 2024 earnings in November. AFC Gamma, a leading cannabis lender, has shown growth with new deals and declared dividends. Ascend Wellness reported strong Q2 growth and recently underwent leadership changes.
October 15, 2024 | 4:18 pm
News sentiment analysis
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Ascending
NEGATIVE IMPACT
Ascend Wellness will report Q3 2024 earnings on Nov. 12, 2024. The company showed strong Q2 growth but shares are down 5.95%, possibly due to recent leadership changes and refinancing efforts.
Despite strong Q2 results, Ascend Wellness's share price decline may be attributed to leadership changes and refinancing efforts, indicating potential short-term negative impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
AFC Gamma is set to report Q3 2024 earnings on Nov. 13, 2024. The company has secured over $70 million in new deals and declared a $0.33 dividend per share. Shares are trading higher, reflecting positive sentiment.
AFC Gamma's upcoming earnings report and recent financial activities, including new deals and dividend declaration, suggest positive investor sentiment, likely leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90