Strong Loan Portfolio Growth
Gross originations during the quarter were $39.5 million, with a focus on the cannabis sector. The loan portfolio is on track for net growth, with a current principal totaling approximately $400 million.
Large Cannabis Pipeline
Chicago Atlantic holds a robust cannabis pipeline of approximately $441 million, demonstrating confidence in the sector's growth and the company's ability to capitalize on opportunities.
Low Leveraged Portfolio
The portfolio has a loan-to-enterprise value ratio of 43.5% and a strong real estate coverage of 1.2x, indicating a conservative and secure investment approach.
Interest Rate Protection
86% of the portfolio is insulated from further rate declines due to fixed rates or interest rate floors, offering protection against interest rate volatility.
Shareholder Confidence
Management and Board of Directors increased their ownership to nearly 1.8 million shares, indicating strong confidence in the company’s performance and future prospects.