Advanced Flower Capital Inc. (AFCG)
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Zedge, Inc.: the filing proof gates that matter now
Zedge, Inc. has an official-source baseline, but the report keeps the decision focused on filings: revenue quality, operating income, cash conversion, balance-sheet risk and the next update.
OpenAFCG: the BDC conversion only matters if the cannabis workout works
Advanced Flower Capital's first quarter as a BDC showed dividend-covering NII and higher NAV, but three nonaccrual loans still represented 36.6% of amortized cost and 23.5% of fair value.
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