Advanced Flower Capital's Executive Chairman Buys $155k Worth of Stock

Advanced Flower Capital Inc. (NASDAQ:AFCG) Executive Chairman Leonard Tannenbaum recently bought US$155k worth of stock at US$2.87 per share. This purchase is a good sign, although it's not a big one. Tannenbaum also made a US$2.2m purchase earlier this year at US$4.81 per share, indicating optimism at the time. Insiders own 28% of the company, worth US$18m, which is good but not particularly stand-out. The recent insider purchases are heartening, but the company didn't make a profit over the last twelve months, which makes us cautious.