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Could AFC Gamma Become the Next Innovative Industrial Properties?
If you’re a dividend lover or a cannabis investor, you’ve probably heard of Innovative Industrial Properties (NYSE: IIPR), the aspiring landlord for the entire marijuana industry in the U.S. Over the last five years, the total return of its shares topped 1,140%, and its dividend has grown by a cool 900%. AFC Gamma (NASDAQ: AFCG) is still quite small, with a market cap near $387 million, compared to IIP’s $4.8 billion. Let’s examine AFC Gamma and compare it to Innovative Industrial Properties to see whether it might be the next cannabis-finance business to make shareholders rich.
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