Cannabis REIT Chicago Atlantic Nets $9.2M In Strong Q2, Citing Regulatory Tailwinds
Portfolio Pulse from Patricio Liddle
Chicago Atlantic Real Estate Finance Inc. (NASDAQ: REFI) reported strong Q2 2024 financial results with net income of $9.2 million and a steady net interest income of $13.2 million. The company highlighted regulatory tailwinds in the cannabis industry and proactive capital management, raising over $6 million through its ATM program. REFI's shares were trading 0.58% higher at $15.36 per share.
August 07, 2024 | 4:58 pm
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Chicago Atlantic Real Estate Finance Inc. (NASDAQ: REFI) reported strong Q2 2024 financial results with net income of $9.2 million and steady net interest income. The company highlighted regulatory tailwinds in the cannabis industry and proactive capital management, raising over $6 million through its ATM program. Shares were trading 0.58% higher.
The strong financial results, coupled with positive regulatory developments in the cannabis industry, are likely to boost investor confidence in REFI. The proactive capital management and expected growth in originations further support a positive short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
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