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Mar 31, 2022
Chicago Atlantic Q1 2022 Earnings Report
Announced first quarter 2022 financial results.
Key Takeaways
Chicago Atlantic reported its results for the first quarter ended March 31, 2022, showing strong loan fundings and growth potential in the cannabis industry.
The cannabis industry presents returns more correlated to regulatory milestones than the overall economic or interest rate environment.
The company has a pipeline of $911 million in potential fundings.
$86.7 million of loan fundings occurred during the quarter.
Another $25 million was funded to date in the second quarter.
Chicago Atlantic
Chicago Atlantic
Forward Guidance
The company expects to maintain its strong start to the year with additional capital to support growth through its revolving credit facility and potential facility increase.