Advanced Flower Capital sets shareholder vote on REIT-to-BDC conversion
PositiveFinancial Markets

Advanced Flower Capital is moving forward with a shareholder vote to convert its Real Estate Investment Trust (REIT) structure into a Business Development Company (BDC). This change is significant as it could enhance the company's ability to invest in and support growth-stage cannabis businesses, potentially leading to increased returns for shareholders. The conversion reflects a strategic shift aimed at adapting to the evolving market landscape.
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