Transition in Leadership at AFC Gamma: Leonard M. Tannenbaum Steps Down as Chief Investment Officer

On October 21, 2024, AFC Gamma (NASDAQ:AFCG) witnessed a notable transition in its leadership team. Leonard M. Tannenbaum, who previously held the position of Executive Chairman, took on the role of Chairman within the company. Simultaneously, he resigned from his position as Chief Investment Officer. Tannenbaum will continue to serve as a member of the company’s Investment Committee.

In a strategic move, Robyn Tannenbaum was appointed as the new Chief Investment Officer, effective on the same day. Robyn Tannenbaum brings a wealth of experience to this position, having previously served as the President of AFC Gamma since March 2023. Before that, she held the positions of Managing Director, Head of Originations, and Investor Relations within the organization.

Additionally, AFC Gamma, formerly known as AFC Gamma, Inc., underwent a name change to “Advanced Flower Capital Inc.” on October 22, 2024. This change was reflected in an amendment filed with the State Department of Assessments and Taxation of Maryland. Alongside the name change, the company also updated its Bylaws to address matters related to the Universal Proxy Rules, specifying requirements for stockholders intending to use these rules.

The recent amendments, including the name change and the Second Amended and Restated Bylaws, became effective as of October 22, 2024. Copies of the Amendment and the Second Amended and Restated Bylaws are available as Exhibits 3.1 and 3.2, respectively.

This information was disclosed by Advanced Flower Capital Inc. in a recent filing with the Securities and Exchange Commission. The regulatory filing further included the designation of Robyn Tannenbaum as the new Chief Investment Officer and the transition of Leonard M. Tannenbaum to the Chairman position. These changes signify a strategic shift in leadership roles within AFC Gamma.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read AFC Gamma’s 8K filing here.

About AFC Gamma

AFC Gamma, Inc originates, structures, underwrites, and invests in senior secured loans, and other various commercial real estate loans and debt securities for established companies operating in the cannabis industry. It primarily originates loans structured as senior loans secured by real estate, equipment, and licenses and/or other assets of the loan parties to the extent permitted by applicable laws and the regulations governing such loan parties.