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    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">As filed with the Securities and Exchange Commission on January 10, 2022</div>
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      <div style="text-align: right; font-family: 'Times New Roman',Times,serif; font-size: 8pt;">Registration No. __________________</div>
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    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
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    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 14pt;">FORM S-8</div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">REGISTRATION STATEMENT<br>
      UNDER<br>
      THE SECURITIES ACT OF 1933</div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt;"> <br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">
      <hr style="height: 1px; width: 25%; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt;"> <br>
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    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">AFC Gamma, Inc.</div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">(Exact name of registrant as specified in its charter)</div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 8pt;"> <br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">
      <hr style="height: 1px; width: 25%; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
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    <table style="border-collapse: collapse; width: 100%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left;" id="zff4ae41dc74741bd88b7f77a2e0e8ebd" align="center" border="0" cellpadding="0" cellspacing="0">

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            <div style="font-family: 'Times New Roman',Times,serif; text-align: center;">Maryland</div>
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          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold; text-align: center;">85-1807125</div>
          </td>
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          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif; font-size: 8pt; text-align: center;">(State or other jurisdiction of</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif; font-size: 8pt; text-align: center;">(I.R.S. Employer</div>
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          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif; font-size: 8pt; text-align: center;">incorporation or organization)</div>
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          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif; font-size: 8pt; text-align: center;">Identification No.)</div>
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    </table>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">525 Okeechobee Blvd., Suite 1770</div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">West Palm Beach, FL 33401</div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 8pt;"><font style="font-size: 10pt; font-weight: bold;">(561) 510-2390</font><br>
      (Address, including zip code, of Principal Executive Offices)</div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 8pt;"> <br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">
      <hr style="height: 1px; width: 25%; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"> </div>
    <div><br>
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    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">AFC Gamma, Inc.</div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">Stock Incentive Plan</div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">&#160;(Full title of the plan)</div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 8pt;"> <br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">
      <hr style="height: 1px; width: 25%; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"> </div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Leonard M. Tannenbaum<br>
      Chief Executive Officer<br>
      AFC Gamma, Inc.</div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">525 Okeechobee Blvd., Suite 1770</div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">West Palm Beach, FL 33401</div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">(561) 510-2390</div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">(Name, address and telephone number, including area code, of agent for service)</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif;">COPY TO:</div>
    <div>
      <div><br>
      </div>
      <div style="text-align: center; font-family: 'Times New Roman', Times, serif;">C. Brophy Christensen, Esq.</div>
      <div style="text-align: center; font-family: 'Times New Roman', Times, serif;">Jeeho M. Lee, Esq.</div>
      <div style="text-align: center; font-family: 'Times New Roman', Times, serif;">O&#8217;Melveny &amp; Myers LLP</div>
      <div style="text-align: center; font-family: 'Times New Roman', Times, serif;">Times Square Tower</div>
      <div style="text-align: center; font-family: 'Times New Roman', Times, serif;">7 Times Square</div>
      <div style="text-align: center; font-family: 'Times New Roman', Times, serif;">New York, New York 10036</div>
      <div style="text-align: center; font-family: 'Times New Roman', Times, serif;">(212) 326-2000</div>
      <div style="text-align: center; font-family: 'Times New Roman', Times, serif;"> <br>
      </div>
      <div style="text-align: center; font-family: 'Times New Roman', Times, serif;">
        <hr style="height: 1px; width: 25%; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"> </div>
      <div><br>
      </div>
    </div>
    <div style="margin: 0px 0px; font-family: 'Times New Roman', Times, serif;">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth
      company. See the definitions of &#8220;large accelerated filer,&#8221; &#8220;accelerated filer,&#8221; &#8220;smaller reporting company,&#8221; and &#8220;emerging growth company&#8221; in Rule&#160;12b-2 of the Exchange Act.</div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="zc591fe65827a4b2b85e3c7c81da2f048" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 21.4%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', Times, serif;">Large accelerated filer</div>
          </td>
          <td style="width: 19.19%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', Times, serif;">&#9633;</div>
          </td>
          <td style="width: 18.67%; vertical-align: top;">&#160;</td>
          <td style="width: 21.56%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', Times, serif;">Accelerated filer</div>
          </td>
          <td style="width: 19.19%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', Times, serif;">&#9633;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 21.4%; vertical-align: top;">&#160;</td>
          <td style="width: 19.19%; vertical-align: top;">&#160;</td>
          <td style="width: 18.67%; vertical-align: top;">&#160;</td>
          <td style="width: 21.56%; vertical-align: top;">&#160;</td>
          <td style="width: 19.19%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 21.4%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', Times, serif;">Non-accelerated filer</div>
          </td>
          <td style="width: 19.19%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif; font-size: 9pt;">&#9745;</div>
          </td>
          <td style="width: 18.67%; vertical-align: top;">&#160;</td>
          <td style="width: 21.56%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', Times, serif;">Smaller reporting company</div>
          </td>
          <td style="width: 19.19%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', Times, serif;">&#9633;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 21.4%; vertical-align: top;">&#160;</td>
          <td style="width: 19.19%; vertical-align: top;">&#160;</td>
          <td style="width: 18.67%; vertical-align: top;">&#160;</td>
          <td style="width: 21.56%; vertical-align: top;">&#160;</td>
          <td style="width: 19.19%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 21.4%; vertical-align: top;">&#160;</td>
          <td style="width: 19.19%; vertical-align: top;">&#160;</td>
          <td style="width: 18.67%; vertical-align: top;">&#160;</td>
          <td style="width: 21.56%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', Times, serif;">Emerging growth company</div>
          </td>
          <td style="width: 19.19%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif; font-size: 9pt;">&#9745;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 21.4%; vertical-align: top;">&#160;</td>
          <td style="width: 19.19%; vertical-align: top;">&#160;</td>
          <td style="width: 18.67%; vertical-align: top;">&#160;</td>
          <td style="width: 21.56%; vertical-align: top;">&#160;</td>
          <td style="width: 19.19%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div style="margin: 0px 0px 0px 0px; font-family: 'Times New Roman', Times, serif;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
      financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.&#160; &#160; &#9633;</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">CALCULATION OF REGISTRATION FEE</div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z74e1b334ad9f44889d2e8fcc1e535977" cellpadding="0" cellspacing="0">

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          <td style="border-bottom: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 22.22%;">
            <div style="margin-right: 19.45pt; font-family: 'Times New Roman', Times, serif;">Title of</div>
            <div style="margin-right: 19.45pt; font-family: 'Times New Roman', Times, serif;">Securities</div>
            <div style="margin-right: 19.45pt; font-family: 'Times New Roman', Times, serif;">To Be Registered</div>
          </td>
          <td style="border-bottom: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 20.37%;">
            <div style="margin-right: 19.45pt; font-family: 'Times New Roman', Times, serif;">Amount</div>
            <div style="margin-right: 19.45pt; font-family: 'Times New Roman', Times, serif;">To Be</div>
            <div style="margin-right: 19.45pt; font-family: 'Times New Roman', Times, serif;">Registered<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div>
          </td>
          <td style="border-bottom: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 17.59%;">
            <div style="margin-right: 19.45pt; font-family: 'Times New Roman', Times, serif;">Proposed</div>
            <div style="margin-right: 19.45pt; font-family: 'Times New Roman', Times, serif;">Maximum</div>
            <div style="margin-right: 19.45pt; font-family: 'Times New Roman', Times, serif;">Offering</div>
            <div style="margin-right: 19.45pt; font-family: 'Times New Roman', Times, serif;">Price</div>
            <div style="margin-right: 19.45pt; font-family: 'Times New Roman', Times, serif;">Per Share</div>
          </td>
          <td style="border-bottom: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 22.22%;">
            <div style="margin-right: 19.45pt; font-family: 'Times New Roman', Times, serif;">Proposed</div>
            <div style="margin-right: 19.45pt; font-family: 'Times New Roman', Times, serif;">Maximum</div>
            <div style="margin-right: 19.45pt; font-family: 'Times New Roman', Times, serif;">Aggregate</div>
            <div style="margin-right: 19.45pt; font-family: 'Times New Roman', Times, serif;">Offering</div>
            <div style="margin-right: 19.45pt; font-family: 'Times New Roman', Times, serif;">Price</div>
          </td>
          <td style="border-bottom: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 17.59%;">
            <div style="margin-right: 19.45pt; font-family: 'Times New Roman', Times, serif;">Amount Of</div>
            <div style="margin-right: 19.45pt; font-family: 'Times New Roman', Times, serif;">Registration</div>
            <div style="margin-right: 19.45pt; font-family: 'Times New Roman', Times, serif;">Fee</div>
          </td>
        </tr>
        <tr>
          <td style="border-bottom: 2px solid #000000; vertical-align: bottom; width: 22.22%;">
            <div style="margin-right: 19.45pt; font-family: 'Times New Roman', Times, serif;">Common Stock, $0.01 par value per share</div>
          </td>
          <td style="border-bottom: 2px solid #000000; vertical-align: bottom; width: 20.37%;">
            <div style="margin-right: 19.45pt; font-family: 'Times New Roman', Times, serif;">601,965<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup><font style="font-weight: bold;">&#160;</font>shares</div>
          </td>
          <td style="border-bottom: 2px solid #000000; vertical-align: bottom; width: 17.59%;">
            <div style="margin-right: 19.45pt; font-family: 'Times New Roman', Times, serif;">$20.17<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(3)</sup></div>
          </td>
          <td style="border-bottom: 2px solid #000000; vertical-align: bottom; width: 22.22%;">
            <div style="margin-right: 19.45pt; font-family: 'Times New Roman', Times, serif;">$12,141,634.05<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(3)</sup></div>
          </td>
          <td style="border-bottom: 2px solid #000000; vertical-align: bottom; width: 17.59%;">
            <div style="margin-right: 19.45pt; font-family: 'Times New Roman', Times, serif;">$1,125.53<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(3)</sup></div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="z3c12c7452240427099d29c262f7b71c7" border="0" cellpadding="0" cellspacing="0">

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            <td style="width: 2%; vertical-align: top;">
              <div style="margin-right: 19.45pt; font-family: 'Times New Roman', Times, serif;"><font style="background-color: rgb(255, 255, 255);"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup> </font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"><font style="background-color: #C0C0C0;"><br>
                  </font></sup></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="margin-right: 19.45pt; font-family: 'Times New Roman', Times, serif;">This Registration Statement covers, in addition to the number of shares of<font style="font-weight: bold; font-style: italic;">&#160;</font>AFC Gamma, Inc., a
                Maryland corporation (the &#8220;Company&#8221; or the &#8220;Registrant&#8221;), common stock, par value $0.01 per share (the &#8220;Common Stock&#8221;), stated above, options and other rights to purchase or acquire the shares of Common Stock covered by this Registration
                Statement and, pursuant to Rule 416 under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), an additional indeterminate number of shares, options and rights that may be offered or issued pursuant to the AFC Gamma, Inc. Stock
                Incentive Plan (the &#8220;Plan&#8221;) as a result of one or more adjustments under the Plan to prevent dilution resulting from one or more stock splits, stock dividends or similar transactions.</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 2%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: auto; vertical-align: top;">&#160;</td>
          </tr>
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            <td style="width: 2%; vertical-align: top;">
              <div style="margin-right: 19.45pt; font-family: 'Times New Roman', Times, serif;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup><font style="vertical-align: text-top; line-height: 1; font-size: smaller;"></font>
                <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"><br>
                </sup></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="margin-right: 19.45pt; font-family: 'Times New Roman', Times, serif;">Represents the 601,965 additional authorized shares of Common Stock that may be offered pursuant to the Plan.</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 2%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: auto; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 2%; vertical-align: top;">
              <div style="margin-right: 19.45pt; font-family: 'Times New Roman', Times, serif;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(3)</sup><font style="vertical-align: text-top; line-height: 1; font-size: smaller;"></font>
                <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"><br>
                </sup></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="margin-right: 19.45pt; font-family: 'Times New Roman', Times, serif;">Pursuant to Securities Act Rule 457(h) and 457(c), the maximum offering price, per share and in the aggregate, and the registration fee were calculated based
                upon the average of the high price of $20.33 and low price of $20.00 of the Company&#8217;s Common Stock on January 7, 2022, as quoted on the Nasdaq Global Market.</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 2%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: auto; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: auto; vertical-align: top;">
              <div style="margin-right: 19.45pt; font-family: 'Times New Roman', Times, serif;">The Exhibit Index for this Registration Statement is at page 5.</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <hr style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;" align="center">
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    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">EXPLANATORY NOTE</div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;"> <font style="font-size: 10pt;"><br>
      </font></div>
    <div style="text-indent: 36pt; font-family: 'Times New Roman',Times,serif;">The Plan, as amended (the &#8220;Plan&#8221;), includes an evergreen provision which provides that the total number of shares reserved for issuance under the Plan (the &#8220;Share Limit&#8221;) will
      automatically increase (i) upon the sale and consummation of any offering of the Company&#8217;s Common Stock after the date of the Company&#8217;s initial public offering (each such sale and offering, an &#8220;Equity Offering&#8221;), in an amount equal to ten percent
      (10.0%) of the total number of shares of Common Stock sold by the Company in connection with such Equity Offering and (ii) if on the last day of the Company&#8217;s fiscal year, the Share Limit has not increased during such fiscal year by an aggregate
      amount equal to or greater than two percent (2.0%) of the total number of shares of Common Stock outstanding on the first day of such fiscal year (the &#8220;Minimum Annual Increase&#8221;), then in an amount equal to the difference between the Minimum Annual
      Increase and the aggregate amount that the Share Limit increased during such fiscal year, effective as of the last day of such fiscal year. Notwithstanding the foregoing, the Company&#8217;s Board of Directors may act prior to the sale and consummation of
      the applicable Equity Offering or the last day of such fiscal year, as applicable, to provide that an increase in the Share Limit will be a lesser number of shares of Common Stock than would otherwise occur pursuant to the preceding sentence.</div>
    <div style="text-indent: 36pt; font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="text-indent: 36pt; font-family: 'Times New Roman',Times,serif;">This Registration Statement is filed by the Company to register additional securities issuable pursuant to the Plan and consists of only those items required by General
      Instruction E to Form S-8.</div>
    <div style="text-indent: 36pt; font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="text-indent: 36pt; font-family: 'Times New Roman',Times,serif;">
      <hr style="height: 1px; width: 25%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"> </div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">PART I</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">INFORMATION REQUIRED IN THE</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">SECTION 10(a) PROSPECTUS</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="text-indent: 36pt; font-family: 'Times New Roman',Times,serif;">The document(s) containing the information specified in Part I of Form S-8 will be sent or given to participants as specified by Securities Act Rule&#160;428(b)(1).</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">2</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">PART II</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">INFORMATION REQUIRED IN THE</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">REGISTRATION STATEMENT</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5003e3510aa140759a648938f497dfbc" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 69.6pt; vertical-align: top; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Item 3.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">Incorporation of Certain Documents by Reference</div>
          </td>
        </tr>

    </table>
    <div> <br>
    </div>
    <div style="text-indent: 36pt; font-family: 'Times New Roman',Times,serif;">The following documents of the Company filed with the Securities and Exchange Commission (the &#8220;Commission&#8221;) are incorporated herein by reference:</div>
    <div style="text-indent: 36pt; font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zdd35c79ee1bd478eb510148cf00e9415" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">(a)</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">The Company&#8217;s Registration Statement on Form S-11 filed with the Commission on January 3, 2022 (Commission File No. 333-261977), which contains the Registrant&#8217;s audited financial
              statements as of December 31, 2020 and for the period July 31, 2020 (date of commencement of operations) to December 31, 2020 and the Registrant&#8217;s unaudited financial statements as of September 30, 2021 and for the nine months ended September
              30, 2021.</div>
          </td>
        </tr>

    </table>
    <div> <br>
    </div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zcea1b29b62404c6c9598acae900ad826" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">(b)</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">The Company&#8217;s Prospectus filed with the Commission on January 7, 2022 pursuant to Rule 424(b) under the Securities Act, relating to the Registration Statement on Form S-11, as amended
              (Commission File No. 333-261977).</div>
          </td>
        </tr>

    </table>
    <div> <br>
    </div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z36cf9e9116c5447c97f305a4fd22a903" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">(c)</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">The Company&#8217;s Registration Statement on Form S-8, filed with the Commission on March 19, 2021 (Commission File No. 333-254480).</div>
          </td>
        </tr>

    </table>
    <div> <br>
    </div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zad257ba5dc2246538d8006dd3ab9be79" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">(d)</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">The Company&#8217;s Quarterly Reports on Form 10-Q for its fiscal quarters ended March 31, 2021, June 30, 2021 and September 30, 2021 (each, Commission File No. 001-39995).</div>
          </td>
        </tr>

    </table>
    <div> <br>
    </div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z4373fd3418664d698ac74c60bbc2b1a3" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">(e)</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">The Company&#8217;s Current Reports on Form 8-K and 8-K/A, filed with the Commission on March 23, 2021, March 26, 2021, June 28, 2021, July 6, 2021, August 5, 2021 (with respect to Item 5.02
              and Exhibit 10.1 of Item 9.01 only), September 13, 2021, October 1, 2021, October 4, 2021, October 6, 2021 (with respect to Item 8.01 only), October 26, 2021, November 3, 2021, November 12, 2021, November 22, 2021, December 22, 2021 and
              January 3, 2022 (each, Commission File No. 001-39995).</div>
          </td>
        </tr>

    </table>
    <div> <br>
    </div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zab91b166a0a6476ea15004afedf82e4e" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">(f)</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">The description of the Company&#8217;s Common Stock contained in its Registration Statement on Form 8-A filed on February 3, 2021 (Commission File No. 001-39995), under the Securities Exchange
              Act of 1934, as amended (the &#8220;Exchange Act&#8221;), and any&#160; amendment or report filed for the purpose of updating such description.</div>
          </td>
        </tr>

    </table>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">3</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-indent: 36pt; font-family: 'Times New Roman',Times,serif;">All documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment which
      indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference into this Registration Statement and to be a part hereof from the date of filing of
      such documents; provided, however, that documents or information deemed to have been furnished and not filed in accordance with Commission rules shall not be deemed incorporated by reference into this Registration Statement.&#160; Any statement contained
      herein or in a document, all or a portion of which is incorporated or deemed to be incorporated by reference herein, shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained
      herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement.&#160; Any such statement so modified or superseded shall not be deemed, except as so modified or
      amended, to constitute a part of this Registration Statement.</div>
    <div style="text-indent: 36pt; font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z1a0fce32724441fa8ef25a729fdcf6a8" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 69.85pt; vertical-align: top; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Item 5.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">Interests of Named Experts and Counsel</div>
          </td>
        </tr>

    </table>
    <div> <br>
    </div>
    <div style="text-indent: 36pt; font-family: 'Times New Roman',Times,serif;">Not applicable.</div>
    <div style="text-indent: 36pt; font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5b04c365c44b4c19966945416da54c92" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 69.85pt; vertical-align: top; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Item 8.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">Exhibits</div>
          </td>
        </tr>

    </table>
    <div> <br>
    </div>
    <div style="text-indent: 36pt; font-family: 'Times New Roman',Times,serif;">See the attached Exhibit Index at page 5, which is incorporated herein by reference.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">4</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">EXHIBIT INDEX</div>
    <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">EXHIBIT INDEX</div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zbcbcee5478ac4a61b1b9abf200e3f6af" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 17.18%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="font-family: 'Times New Roman',Times,serif;">Exhibit</div>
            <div style="font-family: 'Times New Roman',Times,serif;">Number</div>
          </td>
          <td style="width: 82.82%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-family: 'Times New Roman',Times,serif;">Description of Exhibit</div>
          </td>
        </tr>
        <tr>
          <td style="width: 17.18%; vertical-align: top;"><br>
          </td>
          <td style="width: 82.82%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 17.18%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 12pt;"><a href="https://www.sec.gov/Archives/edgar/data/1822523/000114036121001807/nt10017017x4_ex10-5.htm"><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif;">4.1</font><font style="font-size: 10pt;">&#8224;</font></a></div>
          </td>
          <td style="width: 82.82%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">AFC Gamma, Inc. Stock Incentive Plan (Filed as Exhibit 10.5 to the Company&#8217;s Registration Statement on Form S-11 (File No. 333-251762), initially filed with the Commission on December 28,
              2020, as amended on January 22, 2021, February 3, 2021, February 11, 2021 and February 16, 2021).</div>
          </td>
        </tr>
        <tr>
          <td style="width: 17.18%; vertical-align: top;">&#160;</td>
          <td style="width: 82.82%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 17.18%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;"><a href="ny20001242x14_ex5-1.htm">5.1</a></div>
          </td>
          <td style="width: 82.82%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">Opinion of<font style="font-weight: bold;">&#160;</font>Venable LLP (opinion re legality).</div>
          </td>
        </tr>
        <tr>
          <td style="width: 17.18%; vertical-align: top;">&#160;</td>
          <td style="width: 82.82%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 17.18%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;"><a href="ny20001242x14_ex23-1.htm">23.1</a></div>
          </td>
          <td style="width: 82.82%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">Consent of CohnReznick LLP<font style="font-weight: bold; font-style: italic;">&#160;</font>(consent of independent registered public accounting firm).</div>
          </td>
        </tr>
        <tr>
          <td style="width: 17.18%; vertical-align: top;">&#160;</td>
          <td style="width: 82.82%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 17.18%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;"><a href="ny20001242x14_ex5-1.htm">23.2</a></div>
          </td>
          <td style="width: 82.82%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">Consent of Counsel (included in Exhibit 5.1).</div>
          </td>
        </tr>
        <tr>
          <td style="width: 17.18%; vertical-align: top;">&#160;</td>
          <td style="width: 82.82%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 17.18%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;"><a href="ny20001242x14_ex23-3.htm">23.3</a></div>
          </td>
          <td style="width: 82.82%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">Consent of Davidson &amp; Company LLP, independent auditors of Devi Holdings, Inc.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 17.18%; vertical-align: top;">&#160;</td>
          <td style="width: 82.82%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 17.18%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;"><a href="ny20001242x14_ex23-4.htm">23.4</a></div>
          </td>
          <td style="width: 82.82%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">Consent of CohnReznick LLP, independent auditors of JG HoldCo LLC</div>
          </td>
        </tr>
        <tr>
          <td style="width: 17.18%; vertical-align: top;">&#160;</td>
          <td style="width: 82.82%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 17.18%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;"><a href="ny20001242x14_ex23-5.htm">23.5</a></div>
          </td>
          <td style="width: 82.82%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">Consent of Macias Gini &amp; O&#8217;Connell LLP, independent auditors of Verano Holdings, LLC and Subsidiaries</div>
          </td>
        </tr>
        <tr>
          <td style="width: 17.18%; vertical-align: top;">&#160;</td>
          <td style="width: 82.82%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 17.18%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;"><a href="ny20001242x14_ex23-6.htm">23.6</a></div>
          </td>
          <td style="width: 82.82%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">Consent of Marcum LLP, independent registered public accounting firm of Acreage Holdings, Inc.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 17.18%; vertical-align: top;">&#160;</td>
          <td style="width: 82.82%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 17.18%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;"><a href="#POWEROFATTORNEY">24.1</a></div>
          </td>
          <td style="width: 82.82%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">Power of Attorney (included in this Registration Statement under &#8220;Power of Attorney&#8221;).</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><font style="font-family: 'Times New Roman',Times,serif;">&#8224;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman',Times,serif;">Previously filed.</font></div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">SIGNATURES</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;"> <br>
    </div>
    <div style="text-indent: 36pt; font-family: 'Times New Roman',Times,serif;">Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form
      S&#8209;8 and has duly caused this Form S-8 Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of West Palm Beach, State of Florida, on January 10, 2022.</div>
    <div style="text-indent: 36pt; font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="ze85511e065364f559efb91804145f599" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">
            <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">AFC Gamma, Inc.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td style="width: auto; vertical-align: top; padding-bottom: 2px;">
            <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">By:</div>
          </td>
          <td style="width: 45%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">/s/ Leonard M. Tannenbaum</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;"><br>
            </div>
          </td>
          <td style="width: 45%; vertical-align: top;">
            <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">Leonard M. Tannenbaum</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;"><br>
            </div>
          </td>
          <td style="width: 45%; vertical-align: top;">Chief Executive Officer</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">POWER OF ATTORNEY<a name="POWEROFATTORNEY"><!--Anchor--></a></div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;"> <br>
    </div>
    <div style="text-indent: 36pt; font-family: 'Times New Roman',Times,serif;">Each person whose signature appears below constitutes and appoints Leonard M. Tannenbaum and Brett Kaufman, and each of them, acting individually and without the other, as his
      or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place, and stead, in any and all capacities, to sign any and all amendments (including post-effective
      amendments, exhibits thereto and other documents in connection therewith) to this Registration Statement, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Commission, granting unto said
      attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do
      in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or either of them individually, or their or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.</div>
    <div style="text-indent: 36pt; font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="text-indent: 36pt; font-family: 'Times New Roman',Times,serif;">Pursuant to the requirements of the Securities Act, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.</div>
    <div style="text-indent: 36pt; font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z28251af4bc5747ffaebddd19234cfc58" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 33%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 33%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 30%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
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          <td style="width: 33%; vertical-align: top;">&#160;</td>
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          <td style="width: 33%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-family: 'Times New Roman',Times,serif;">/s/ Leonard M. Tannenbaum</div>
          </td>
          <td rowspan="2" style="width: 2%; vertical-align: top;">&#160;</td>
          <td rowspan="2" style="width: 33%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">Chief Executive Officer and Director (Principal Executive Officer)</div>
          </td>
          <td rowspan="2" style="width: 2%; vertical-align: top;">&#160;</td>
          <td rowspan="2" style="width: 30%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">January 10, 2022</div>
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        <tr>
          <td style="width: 33%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">Leonard M. Tannenbaum</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
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          <td style="width: 33%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-family: 'Times New Roman',Times,serif;">/s/ Brett Kaufman</div>
          </td>
          <td rowspan="2" style="width: 2%; vertical-align: top;">&#160;</td>
          <td rowspan="2" style="width: 33%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">Chief Financial Officer and Treasurer (Principal Financial and Accounting Officer)</div>
          </td>
          <td rowspan="2" style="width: 2%; vertical-align: top;">&#160;</td>
          <td rowspan="2" style="width: 30%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">January 10, 2022</div>
          </td>
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        <tr>
          <td style="width: 33%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">Brett Kaufman</div>
          </td>
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        <tr>
          <td style="width: 33%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 33%; vertical-align: top;">&#160;</td>
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          <td style="width: 30%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 33%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-family: 'Times New Roman',Times,serif;">/s/ Jonathan Kalikow</div>
          </td>
          <td rowspan="2" style="width: 2%; vertical-align: top;">&#160;</td>
          <td rowspan="2" style="width: 33%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">Head of Real Estate and Director</div>
          </td>
          <td rowspan="2" style="width: 2%; vertical-align: top;">&#160;</td>
          <td rowspan="2" style="width: 30%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">January 10, 2022</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">Jonathan Kalikow</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 33%; vertical-align: top;">&#160;</td>
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          <td style="width: 30%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 33%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-family: 'Times New Roman',Times,serif;">/s/ Robert Levy</div>
          </td>
          <td rowspan="2" style="width: 2%; vertical-align: top;">&#160;</td>
          <td rowspan="2" style="width: 33%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">Director</div>
          </td>
          <td rowspan="2" style="width: 2%; vertical-align: top;">&#160;</td>
          <td rowspan="2" style="width: 30%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">January 10, 2022</div>
          </td>
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        <tr>
          <td style="width: 33%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">Robert Levy</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 33%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 33%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-family: 'Times New Roman',Times,serif;">/s/ Jodi Hanson Bond</div>
          </td>
          <td rowspan="2" style="width: 2%; vertical-align: top;">&#160;</td>
          <td rowspan="2" style="width: 33%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">Director</div>
          </td>
          <td rowspan="2" style="width: 2%; vertical-align: top;">&#160;</td>
          <td rowspan="2" style="width: 30%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">January 10, 2022</div>
          </td>
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        <tr>
          <td style="width: 33%; vertical-align: top;">
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          </td>
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          <td style="width: 33%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-family: 'Times New Roman',Times,serif;">/s/ Thomas Harrison</div>
          </td>
          <td rowspan="2" style="width: 2%; vertical-align: top;">&#160;</td>
          <td rowspan="2" style="width: 33%; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;">Director</div>
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          <td rowspan="2" style="width: 2%; vertical-align: top;">&#160;</td>
          <td rowspan="2" style="width: 30%; vertical-align: top;">
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          <td style="width: 33%; vertical-align: top;">
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          </td>
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          <td style="width: 33%; vertical-align: top;">&#160;</td>
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            <div style="font-family: 'Times New Roman',Times,serif;">/s/ Tomer Tzur</div>
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{"company-data": {"conformed-name": "AFC Gamma, Inc.", "cik": "0001822523", "assigned-sic": "6500", "irs-number": "851807125", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-262091", "film-number": "22522090"}, "business-address": {"street1": "525 OKEECHOBEE BLVD., SUITE 1770", "city": "WEST PALM BEACH", "state": "FL", "zip": "33401", "phone": "561.510.2390"}, "mail-address": {"street1": "525 OKEECHOBEE BLVD., SUITE 1770", "city": "WEST PALM BEACH", "state": "FL", "zip": "33401"}}
As filed with the Securities and Exchange Commission on January 10, 2022
Registration No. __________________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
AFC Gamma, Inc.
(Exact name of registrant as specified in its charter)
Maryland
85-1807125
(State or other jurisdiction of
(I.R.S. Employer
incorporation or organization)
Identification No.)
525 Okeechobee Blvd., Suite 1770
West Palm Beach, FL 33401
(561) 510-2390
(Address, including zip code, of Principal Executive Offices)
AFC Gamma, Inc.
Stock Incentive Plan
(Full title of the plan)
Leonard M. Tannenbaum
Chief Executive Officer
AFC Gamma, Inc.
525 Okeechobee Blvd., Suite 1770
West Palm Beach, FL 33401
(561) 510-2390
(Name, address and telephone number, including area code, of agent for service)
COPY TO:
C. Brophy Christensen, Esq.
Jeeho M. Lee, Esq.
O'Melveny & Myers LLP
Times Square Tower
7 Times Square
New York, New York 10036
(212) 326-2000
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth
      company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer
□
Accelerated filer
□
Non-accelerated filer
☑
Smaller reporting company
□
Emerging growth company
☑
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
      financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.    □
CALCULATION OF REGISTRATION FEE
Title of
Securities
To Be Registered
Amount
To Be
Registered
(1)
Proposed
Maximum
Offering
Price
Per Share
Proposed
Maximum
Aggregate
Offering
Price
Amount Of
Registration
Fee
Common Stock, $0.01 par value per share
601,965
(2)
shares
$20.17
(3)
$12,141,634.05
(3)
$1,125.53
(3)
(1)
This Registration Statement covers, in addition to the number of shares of
AFC Gamma, Inc., a
                Maryland corporation (the "Company" or the "Registrant"), common stock, par value $0.01 per share (the "Common Stock"), stated above, options and other rights to purchase or acquire the shares of Common Stock covered by this Registration
                Statement and, pursuant to Rule 416 under the Securities Act of 1933, as amended (the "Securities Act"), an additional indeterminate number of shares, options and rights that may be offered or issued pursuant to the AFC Gamma, Inc. Stock
                Incentive Plan (the "Plan") as a result of one or more adjustments under the Plan to prevent dilution resulting from one or more stock splits, stock dividends or similar transactions.
(2)
Represents the 601,965 additional authorized shares of Common Stock that may be offered pursuant to the Plan.
(3)
Pursuant to Securities Act Rule 457(h) and 457(c), the maximum offering price, per share and in the aggregate, and the registration fee were calculated based
                upon the average of the high price of $20.33 and low price of $20.00 of the Company's Common Stock on January 7, 2022, as quoted on the Nasdaq Global Market.
The Exhibit Index for this Registration Statement is at page 5.
EXPLANATORY NOTE
The Plan, as amended (the "Plan"), includes an evergreen provision which provides that the total number of shares reserved for issuance under the Plan (the "Share Limit") will
      automatically increase (i) upon the sale and consummation of any offering of the Company's Common Stock after the date of the Company's initial public offering (each such sale and offering, an "Equity Offering"), in an amount equal to ten percent
      (10.0%) of the total number of shares of Common Stock sold by the Company in connection with such Equity Offering and (ii) if on the last day of the Company's fiscal year, the Share Limit has not increased during such fiscal year by an aggregate
      amount equal to or greater than two percent (2.0%) of the total number of shares of Common Stock outstanding on the first day of such fiscal year (the "Minimum Annual Increase"), then in an amount equal to the difference between the Minimum Annual
      Increase and the aggregate amount that the Share Limit increased during such fiscal year, effective as of the last day of such fiscal year. Notwithstanding the foregoing, the Company's Board of Directors may act prior to the sale and consummation of
      the applicable Equity Offering or the last day of such fiscal year, as applicable, to provide that an increase in the Share Limit will be a lesser number of shares of Common Stock than would otherwise occur pursuant to the preceding sentence.
This Registration Statement is filed by the Company to register additional securities issuable pursuant to the Plan and consists of only those items required by General
      Instruction E to Form S-8.
PART I
INFORMATION REQUIRED IN THE
SECTION 10(a) PROSPECTUS
The document(s) containing the information specified in Part I of Form S-8 will be sent or given to participants as specified by Securities Act Rule 428(b)(1).
2
PART II
INFORMATION REQUIRED IN THE
REGISTRATION STATEMENT
Item 3.
Incorporation of Certain Documents by Reference
The following documents of the Company filed with the Securities and Exchange Commission (the "Commission") are incorporated herein by reference:
(a)
The Company's Registration Statement on Form S-11 filed with the Commission on January 3, 2022 (Commission File No. 333-261977), which contains the Registrant's audited financial
              statements as of December 31, 2020 and for the period July 31, 2020 (date of commencement of operations) to December 31, 2020 and the Registrant's unaudited financial statements as of September 30, 2021 and for the nine months ended September
              30, 2021.
(b)
The Company's Prospectus filed with the Commission on January 7, 2022 pursuant to Rule 424(b) under the Securities Act, relating to the Registration Statement on Form S-11, as amended
              (Commission File No. 333-261977).
(c)
The Company's Registration Statement on Form S-8, filed with the Commission on March 19, 2021 (Commission File No. 333-254480).
(d)
The Company's Quarterly Reports on Form 10-Q for its fiscal quarters ended March 31, 2021, June 30, 2021 and September 30, 2021 (each, Commission File No. 001-39995).
(e)
The Company's Current Reports on Form 8-K and 8-K/A, filed with the Commission on March 23, 2021, March 26, 2021, June 28, 2021, July 6, 2021, August 5, 2021 (with respect to Item 5.02
              and Exhibit 10.1 of Item 9.01 only), September 13, 2021, October 1, 2021, October 4, 2021, October 6, 2021 (with respect to Item 8.01 only), October 26, 2021, November 3, 2021, November 12, 2021, November 22, 2021, December 22, 2021 and
              January 3, 2022 (each, Commission File No. 001-39995).
(f)
The description of the Company's Common Stock contained in its Registration Statement on Form 8-A filed on February 3, 2021 (Commission File No. 001-39995), under the Securities Exchange
              Act of 1934, as amended (the "Exchange Act"), and any  amendment or report filed for the purpose of updating such description.
3
All documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment which
      indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference into this Registration Statement and to be a part hereof from the date of filing of
      such documents; provided, however, that documents or information deemed to have been furnished and not filed in accordance with Commission rules shall not be deemed incorporated by reference into this Registration Statement.  Any statement contained
      herein or in a document, all or a portion of which is incorporated or deemed to be incorporated by reference herein, shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained
      herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement.  Any such statement so modified or superseded shall not be deemed, except as so modified or
      amended, to constitute a part of this Registration Statement.
Item 5.
Interests of Named Experts and Counsel
Not applicable.
Item 8.
Exhibits
See the attached Exhibit Index at page 5, which is incorporated herein by reference.
4
EXHIBIT INDEX
EXHIBIT INDEX
Exhibit
Number
Description of Exhibit
4.1
†
AFC Gamma, Inc. Stock Incentive Plan (Filed as Exhibit 10.5 to the Company's Registration Statement on Form S-11 (File No. 333-251762), initially filed with the Commission on December 28,
              2020, as amended on January 22, 2021, February 3, 2021, February 11, 2021 and February 16, 2021).
5.1
Opinion of
Venable LLP (opinion re legality).
23.1
Consent of CohnReznick LLP
(consent of independent registered public accounting firm).
23.2
Consent of Counsel (included in Exhibit 5.1).
23.3
Consent of Davidson & Company LLP, independent auditors of Devi Holdings, Inc.
23.4
Consent of CohnReznick LLP, independent auditors of JG HoldCo LLC
23.5
Consent of Macias Gini & O'Connell LLP, independent auditors of Verano Holdings, LLC and Subsidiaries
23.6
Consent of Marcum LLP, independent registered public accounting firm of Acreage Holdings, Inc.
24.1
Power of Attorney (included in this Registration Statement under "Power of Attorney").
†
Previously filed.
SIGNATURES
Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form
      S‑8 and has duly caused this Form S-8 Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of West Palm Beach, State of Florida, on January 10, 2022.
AFC Gamma, Inc.
By:
/s/ Leonard M. Tannenbaum
Leonard M. Tannenbaum
Chief Executive Officer
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Leonard M. Tannenbaum and Brett Kaufman, and each of them, acting individually and without the other, as his
      or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place, and stead, in any and all capacities, to sign any and all amendments (including post-effective
      amendments, exhibits thereto and other documents in connection therewith) to this Registration Statement, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Commission, granting unto said
      attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do
      in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or either of them individually, or their or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
/s/ Leonard M. Tannenbaum
Chief Executive Officer and Director (Principal Executive Officer)
January 10, 2022
Leonard M. Tannenbaum
/s/ Brett Kaufman
Chief Financial Officer and Treasurer (Principal Financial and Accounting Officer)
January 10, 2022
Brett Kaufman
/s/ Jonathan Kalikow
Head of Real Estate and Director
January 10, 2022
Jonathan Kalikow
/s/ Robert Levy
Director
January 10, 2022
Robert Levy
/s/ Jodi Hanson Bond
Director
January 10, 2022
Jodi Hanson Bond
/s/ Thomas Harrison
Director
January 10, 2022
Thomas Harrison
/s/ Alexander Frank
Director
January 10, 2022
Alexander Frank
/s/ Tomer Tzur
Director
January 10, 2022
Tomer Tzur