Company Overview - Chicago Atlantic is a commercial mortgage REIT and lender focused on state-licensed cannabis operators[11] - The company has closed over 100 cannabis loans across its platform[9] - Since its inception in 2019, the origination team has closed over $28 billion in credit facilities, with $22 billion to cannabis operators[11] - The company is evaluating a near-term pipeline of approximately $650 million in potential loans[9] Portfolio Highlights - The outstanding loan principal is $4219 million with a gross portfolio yield of 168%[9] - The real estate collateral coverage in the current portfolio is 12x[9] - The top 10 loans account for 616% of the total principal outstanding[28] - Floating-rate loans constitute 407% of the portfolio, while fixed-rate loans make up 593%[29] Financial Performance - For the three months ended June 30, 2025, net income was $887 million, or $042 per basic share[75] - Distributable Earnings for the quarter were $1085 million, or $052 per basic share[76] - The company's total assets as of June 30, 2025, were $4552 million[71] Market Opportunity - The U S cannabis industry is estimated to reach $35 billion in retail revenue in 2025 and is projected to grow to $69 billion by 2031[55] - Chicago Atlantic estimates the current value of the U S cannabis debt market to be $12 billion, with the company holding approximately 18% market share[57] - Assuming the company maintains its 18% debt market share, the private credit opportunity could grow to over $4 billion by 2031[58]

Core Insights - SHF Holdings, Inc. (Safe Harbor Financial) has formed a strategic partnership with FundCanna to enhance financial services for the cannabis industry, focusing on accessible funding and compliant banking solutions [1][2][3] Company Overview - Safe Harbor Financial is a fintech leader providing financial services to the regulated cannabis industry, having facilitated over $25 billion in deposit transactions across more than 41 states and U.S. territories [7] - FundCanna specializes in providing flexible capital solutions tailored for cannabis operators, offering customizable and reliable funding products [4][5] Partnership Details - The partnership allows FundCanna to refer clients to Safe Harbor for banking services, while Safe Harbor will refer clients to FundCanna for various credit-based solutions [2][3] - This collaboration aims to address the financial challenges faced by cannabis operators, particularly in light of regulatory hurdles and limited access to traditional capital [3] Industry Context - The cannabis industry continues to experience significant limitations from traditional financial institutions, necessitating innovative financial solutions [3] - The partnership is positioned to provide an end-to-end solution for cannabis businesses, enhancing their ability to manage cash flow and pursue growth opportunities [3]