420 Investor launched in 2013, just ahead of Colorado legalizing for adult-use. We have moved the service to Seeking Alpha. Historically, we have provided great coverage of the sector with model portfolios, videos and written material to help investors learn about cannabis stocks, and we are excited to be doing it here!There are several large REIT ETFs now that I track, including the iShares U.S. Real Estate ETF ( IYR ), formed in 2000; the Real Estate Select Sector SPDR® Fund ETF ( XLRE ), formed in 2015; ...

Group 1 - Alan Brochstein is a pioneer in the cannabis investment sector, having focused exclusively on this industry since 2007 [1] - He founded AB Analytical Services to provide independent consulting to registered investment advisors [1] - Brochstein is the managing partner of New Cannabis Ventures, which has been a key provider of financial information in the cannabis industry since 2015 [1] Group 2 - Alan has led the investing group 420 Investor since 2013, which focuses on publicly-traded cannabis stocks [2] - The group moved to Seeking Alpha in 2023 and closely monitors 20 cannabis stocks, providing timely investment news and earnings report previews [2] - Features of the 420 Investor group include a model portfolio, 10 weekly videos with chart analysis, 3 weekly summary pieces, a monthly newsletter, and a chat for investor questions [2]

Core Insights - Glass House Brands Inc. is recognized as the world's eighth-largest cannabis company by market capitalization, indicating its significant position within the industry [1] - The cannabis market is characterized by high volatility and risk, primarily due to its nascent stage and the evolving regulatory landscape [1] Company Overview - Glass House Brands Inc. operates within the cannabis sector, which is still developing and subject to rapid changes in regulations [1] Market Context - The cannabis industry is relatively young, which contributes to its volatility and presents both opportunities and challenges for investors [1]

Company Overview - Chicago Atlantic BDC has closed over $2.8 billion in loans since its platform inception[11] - The company has a near-term pipeline under evaluation of approximately $780 million[11] - The total portfolio investment value is $308 million[11] - The gross weighted-average yield of the company's debt investments is 16.1%[11] - 100% of the company's current debt investments are senior secured[11] Financial Performance - Gross investment income for the quarter ended June 30, 2025, was $13.1 million[35] - Net investment income for the same quarter was $7.7 million[35] - Net asset value at the end of the period was $301.8 million[35] - Net investment income per share was $0.34[35] - Net asset value at the end of the period per share was $13.23[35] Portfolio Composition - Cannabis investments represent 78% of the total fair value of the company's investment portfolio[40] - Non-cannabis investments account for 22% of the portfolio[40] - Floating rate debt accounts for 76.3% of debt investments fair value[38] - 45.8% of floating rate debt is at their respective floor[38]

Corporate Updates - High Tide Inc. is making significant progress on a proposed transaction with a leading German medical cannabis importer and wholesaler, which is fully funded through a junior secured loan [2] - The company has appointed Sri Pavithra Priyalakshmi as Vice President of Digital and eCommerce, bringing over 11 years of global experience in eCommerce and digital transformation [3] - High Tide will participate in Canaccord Genuity's 45th Annual Growth Conference from August 12–14, 2025, with scheduled presentations and one-on-one meetings with institutional investors [4] Financial and Regulatory Developments - High Tide has filed a final short form base shelf prospectus to replace its expiring prospectus, allowing for financing opportunities up to C$100 million over a 25-month period [5][6] - The prospectus enables the company to offer various securities, including common shares and debt securities, and may be used for "at-the-market distribution" [8][9] - The company has retained an investor relations agency for a month to enhance communication with shareholders and the investment community, with a fee of USD $140,000 [12][13] Company Overview - High Tide is a leading retail-forward cannabis enterprise with a diverse portfolio, including Canna Cabana, which is the second-largest cannabis retail brand globally [14] - The company operates a suite of e-commerce platforms for cannabis accessories and has a strong brand roster, including Queen of Bud™ and Cabana Cannabis Co™ [15][16] - High Tide has been recognized as one of Canada's Top Growing Companies and ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023 [18]