Advanced Flower Capital Inc.

Good morning, and welcome to Advanced Flower Capital's second quarter 2024 earnings call. At this time, all participants are in a listen-only mode. Later, we will conduct a question and answer session, and instructions will be given at that time. As a reminder, this call is being recorded. I would now like to turn the call over to Gabriel Katz, Chief Legal Officer. Please go ahead.

Good morning, and thank you all for joining AFC's earning call for the quarter ended June 30, 2024. I'm joined this morning by Daniel Neville, our Chief Executive Officer, Robin Tannenbaum, our President, and Brandon Hetzel, our Chief Financial Officer. Before we begin, I would like to note that this call is being recorded. Replay information is included in our July 15, 2024 press release and is posted on the investor relations portion of AFC's website at advancedflowercapital.com, along with our second quarter earnings release and investor presentation. Today's conference call includes forward-looking statements and projections that reflect the company's current views with respect to, among other things, anticipated market developments, portfolio yield and financial performance in 2024 and beyond. These statements are subject to inherent uncertainties in predicting future results. Please refer to AFC's most recent periodic filings with the SEC for certain conditions and significant factors that could cause actual results to differ materially from these forward-looking statements and projections. During this call, we will refer to distributable earnings, which is a non-GAAP financial measure. Reconciliations to net income, the most comparable GAAP measure, can be found in AFC's earning release and investor presentation on AFC's website. The format for today's call is as follows. Robin will start by discussing our spinoff. Then Dan will provide an overview of our second quarter 2024 performance and an update on our portfolio. Brandon will then conclude with a summary of our financial results, and we will then open the line for Q&A. With that, I will now turn the call over to our president, Robin Tannenbaum.

Thanks, Gabe, and good morning to all our investors and analysts that have joined us today. We are excited to announce that following the successful spinoff of our commercial real estate portfolio on July 9th, 2024, ASC has now fully transitioned to being a pure play cannabis lender. This strategic move allows us to focus solely on the cannabis sector. We believe that this positions us to more effectively capitalize on the opportunities in the cannabis market by concentrating our lending efforts on one industry. Additionally, this should allow us to target specific investor bases more effectively. Today, we are reporting on our second quarter results, which were pre-spin and include results from both the cannabis and commercial real estate lending portfolio. I'll now turn it over to Dan to discuss our second quarter results and some milestones we've achieved.