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Mar 31, 2024
Chicago Atlantic Q1 2024 Earnings Report
Announced first quarter 2024 financial results.
Key Takeaways
Chicago Atlantic reported its results for the first quarter ended March 31, 2024, showing portfolio stability with a weighted average yield to maturity remaining above 19%.
Progress toward regulatory reform resulting from the DEA’s commitment to the rescheduling of cannabis.
Policy change is likely to bring significant benefits to the U.S. cannabis industry.
Grew the portfolio this quarter funding one new borrower.
Portfolio demonstrated remarkable stability with the weighted average yield to maturity remaining above 19%.
Chicago Atlantic
Chicago Atlantic
Forward Guidance
Chicago Atlantic affirmed its 2024 outlook previously issued on March 12, 2024.