Chicago Atlantic Real Estate Finance(US:REFI)2022-03-29 19:20Company Overview - Chicago Atlantic Real Estate Finance, Inc completed a successful IPO in December 2021 (NASDAQ: REFI)[6] - The company has closed $1.2 billion in loans since its platform inception[6] - The company has closed 38 cannabis loans across its platform[6] - The company has a near-term pipeline under evaluation of $979 million[6] - The current portfolio size is $324 million with a substantial pipeline[6] - The current portfolio has 1.8x real estate collateral coverage[6] - The gross portfolio yield is 17.3%[6] Portfolio Diversity - The portfolio is diversified across operators, geographies, and asset types[15] - $285 million is the principal outstanding as of March 17, 2022[15] - 89.9% of the real estate collateral type is industrial, while 9.7% is retail[15] Market Opportunity - The U S cannabis sales are estimated to have a 20%+ annual growth rate[29] - U S cannabis sales are projected to reach $42.9 billion[29]