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Benzinga
Benzinga
Business
Vuk Zdinjak

Chicago Atlantic Real Estate Funds $30M Senior Secured Credit To Florida Cannabis Operator

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) led a $30 million senior secured credit facility to a private, vertically integrated, single-state cannabis operator in Florida. At closing, Chicago Atlantic funded $17.5 million of its total $22.5 million commitment.

The facility will fund a new cultivation and processing facility in Florida, which is expected to be fully operational early this year, repay existing indebtedness and build out over 20 dispensaries during the next two years.

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