Portfolio Highlights - The company has a total portfolio investment value of approximately $275 million[12] - The gross weighted-average yield of the company's debt investments is 165%[12] - 100% of the company's current debt investments are senior secured[12] - Approximately 80% of the debt investments are floating rate loans[16], and almost all of these have floors[16] Financial Performance - Gross investment income for the quarter ended December 31, 2024, was $127 million[24], compared to $36 million for the quarter ended December 31, 2023[24] - Net investment income for the year ended December 31, 2024, was $95 million[24], compared to $66 million for the year ended December 31, 2023[24] - Net assets at the end of the period were $3012 million[24] Market Opportunity - The U S cannabis industry is estimated to be a $32 billion market in top-line retail revenue in 2024[43] and is projected to grow to $58 billion by 2030[43] - Chicago Atlantic estimates it represents approximately 20% of the current U S cannabis debt market, with $23 billion in closed cannabis loans to date[48] Pipeline - The company has an active pipeline under evaluation of approximately $644 million[12] - The active pipeline is comprised of approximately 77% cannabis and 23% non-cannabis opportunities[50]
Chicago Atlantic BDC, Inc.(LIEN) - 2024 Q4 - Earnings Call Presentation