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Chicago Atlantic Secures BBB+ Rating And $50M Loan To Enhance Liquidity In Cannabis Lending
Wednesday, October 23, 2024 - 1:10pm | 459Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI), a leading commercial mortgage real estate investment trust (REIT), has announced the closure of a $50 million unsecured term loan with two institutional private lending platforms. This funding aims to support the company's future investments...
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EXCLUSIVE: Weed Companies Will Be Treated Like Normal Businesses Once This Tax Provision Goes Away, Experts Say
Tuesday, October 8, 2024 - 2:48pm | 824Marijuana companies would be "treated like normal businesses," if the oppressive restrictions of Section 280E of the Internal Revenue Code, which prevents cannabis businesses from deducting typical business expenses, go away. That's according to Darren Weiss, president of Verano Holdings Corp. (...
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Cannabis REIT Chicago Atlantic Nets $9.2M In Strong Q2, Citing Regulatory Tailwinds
Wednesday, August 7, 2024 - 12:58pm | 688Chicago Atlantic Real Estate Finance Inc. (NASDAQ:REFI), a cannabis-focused commercial real estate finance company, announced Wednesday its financial results for the second quarter ending June 30, 2024. Q2 2024 Financial Highlights Net interest income held steady at approximately $13.2 million,...
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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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Net Income Dip: Cannabis REIT Chicago Atlantic's Q1 2024 Financial Results Breakdown
Tuesday, May 7, 2024 - 12:18pm | 779Chicago Atlantic Real Estate Finance (NASDAQ:REFI), a cannabis-focused commercial real estate finance company, announced on Tuesday its financial results for the first quarter ended March 31, 2024. Q1 2024 Financial Highlights Net interest income stands at about $13.2 million, marking a sequential...
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Cannabis REIT Chicago Atlantic Closes $20M Facility With Massachusetts Weed Co. That Plans To Expand In These Key Markets
Tuesday, April 9, 2024 - 1:17pm | 593Massachusetts-based integrated cannabis operator Nova Farms has received a $20 million loan facility from Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI). Nova Farms manages a Massachusetts cultivation farm, seven retail brands and five full-service dispensaries across the Bay State, Maine...