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Sep 30, 2024
Chicago Atlantic Q3 2024 Earnings Report
Announced Q3 2024 financial results, demonstrating effective portfolio management and strategic positioning for future growth.
Key Takeaways
Chicago Atlantic announced its Q3 2024 results, highlighting successful portfolio management through extensions, modifications, and refinancings, which improved credit quality and loan coverage. The company affirmed its previously issued 2024 outlook and is well-positioned for the remainder of the year and into 2025, with a strong pipeline and increased liquidity from a recent unsecured note.
Successfully managed portfolio maturities through extensions, modifications, and refinancings.
Improved credit quality and loan coverage.
Strong pipeline in existing and new adult-use states.
Increased liquidity expected to be deployed into accretive capital opportunities.
Chicago Atlantic
Chicago Atlantic
Forward Guidance
Chicago Atlantic affirmed its 2024 outlook previously issued on March 12, 2024.