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This Cannabis REIT Offers 13%+ Yield, Safer Returns Than Fed-Backed Bonds
Monday, December 9, 2024 - 5:15pm | 943Chicago Atlantic REFI (NASDAQ:REFI) stands out in the cannabis finance sector, receiving an “Overweight” rating from senior analyst Pablo Zuanic at Zuanic & Associates. With a near 14% dividend yield, REFI offers an attractive, less volatile way to gain exposure to the cannabis...
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Cannabis Lender Chicago Atlantic Reports $3.2M In Q3 Income
Friday, November 8, 2024 - 1:20pm | 630Chicago Atlantic BDC, Inc. (NASDAQ:LIEN), a specialty finance firm focused on direct loans to middle-market and cannabis companies, announced its financial results Thursday for the third quarter ended September 30, 2024. The company highlighted a $3.2 million investment income and completed a...
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New Laws Could Unleash $1.7B Demand For Cannabis Loans, This Real Estate Stock Is Set To Capitalize
Thursday, September 12, 2024 - 10:09am | 923Advanced Flower Capital Group (NASDAQ:AFCG), a NASDAQ-listed commercial mortgage REIT, has positioned itself as one of the leading lenders in the cannabis sector. As one of two major externally managed REITs focusing on the U.S. cannabis industry, AFCG benefits from a capital supply-demand...
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Vireo Growth Extends Credit Facility With Chicago Atlantic: 'It's Not Been An Easy Path For Us' Says CEO
Friday, August 2, 2024 - 9:36am | 569Cannabis company Vireo Growth Inc. (formerly Goodness Growth Holdings, Inc.) (CSE:VREO) (OTCQX:VREOF) reported Thursday that it has extended its credit facility with Chicago Atlantic. Additionally, Chicago Atlantic decided to convert all its convertible notes into equity shares. The Minnesota-based...
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EXCLUSIVE: Cannabis Banking, Insurance & Lending Has Never Been More Accessible: Green Check Launches Game Changing Marketplace
Tuesday, January 31, 2023 - 9:00am | 889Green Check Verified (GCV), a fintech provider of compliant cannabis banking solutions and services has launched Green Check Connect or GCC – a new marketplace enabling marijuana-related businesses to find reliable financial service providers. The idea behind this marketplace is to...
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Chicago Atlantic Discusses Commercial Real Estate Finance And The Rise of Debt Financing In The Cannabis Industry
Tuesday, April 26, 2022 - 11:06am | 402This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Peter Sack, President of Chicago Atlantic Real Estate Finance Inc (NASDAQ: REFI), spoke at the 2022 Benzinga Cannabis Capital Conference about investing in the...
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Gage Growth Borrows $55 Million To Support Acquisitions Across Michigan
Monday, November 22, 2021 - 12:28pm | 529Michigan-based cannabis operator Gage Growth Corp. (CSE: GAGE) (OTCQX: GAEGF) confirmed Monday that it has closed on a senior secured term loan for aggregate gross proceeds of $55 million. The company highlighted its plans to use the proceeds to (i) finance its retail acquisition...
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Verano Upsizes Its Existing Credit Facility To $250M At 8.50% With Additional $100M Option
Wednesday, October 20, 2021 - 11:42am | 463Cannabis company Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) announced Wednesday that it has entered into an amendment to its existing credit agreement for additional funding of $120 million with an 18-month maturity, bringing the total outstanding senior secured term loans under the credit...