Alliance Global Partners initiated coverage of Advanced Flower Capital (AFCG) with a Buy rating and $13 price target The company is in an opportunistic position to leverage its loan origination business to fund growth within the “capital-constrained” cannabis industry, the analyst tells investors in a research note. The firm looks for Advanced Flower to inflect back to income and earnings growth.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
