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Jun 30, 2024
Chicago Atlantic Q2 2024 Earnings Report
Announced second quarter 2024 financial results.
Key Takeaways
Chicago Atlantic announced its results for the second quarter ended June 30, 2024, noting a positive impact on originations pipeline due to regulatory changes in the cannabis industry and increased capital through the ATM program and revolving credit facility.
Federal and state regulations are creating a tailwind in the cannabis industry.
DEA rescheduling comment period closed with nearly 90% in favor.
Ohio adult use rollout is happening, and Florida adult use is on the ballot in November.
Originations are expected to be increasingly active in the second half of the year due to additional capital and capacity.
Chicago Atlantic
Chicago Atlantic
Forward Guidance
Chicago Atlantic affirmed its 2024 outlook previously issued on March 12, 2024.