Chicago Atlantic Group, LLC provides loans and leases to the cannabis and industrial hemp space from $1-10 million, generally with three-year terms and secured by collateral. In addition, their loans seek strict loan covenants and personal guarantees for additional protection and equity kickers for additional upside.
Chicago Atlantic is growing a credit portfolio diversified across states (with a focus on limited-license states restricting competition) and across verticals including cultivators, processors, testing facilities, dispensaries, hemp and CBD firms, as well as ancillary businesses like equipment manufacturers and service providers.
Chicago Atlantic believes that its affiliated cannabis direct lending strategy has several key advantages over other credit strategies:
For more information, visit https://www.chicagoatlantic.com or contact Andreas Bodmeier at abodmeier@chicagoatlantic.com.
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