Latest news with #ChicagoAtlantic
Cision Canada
09-07-2025
- Business
- Cision Canada
Chicago Atlantic announces investment in Vireo Growth Inc.
MIAMI, July 9, 2025 /CNW/ - Chicago Atlantic Advisers, LLC and its affiliates (collectively, "Chicago Atlantic") today announced that one of those affiliates, Chicago Atlantic Opportunity Finance, LLC ("CAOF"), has received payment in full from Vireo Growth Inc. ("Vireo") of the US$10 million principal amount convertible note issued by Vireo on November 1, 2024. Full exercise of the original principal amount of the convertible note would have resulted in CAOF acquiring an aggregate of 16,000,000 subordinate voting shares ("Shares") of Vireo. Concurrently with the repayment of the November 1, 2024 convertible note, Vireo issued to CAOF a new US$10 million principal amount convertible note pursuant to a private placement transaction under a loan and security agreement. Full exercise of the original principal amount of the convertible note would result in CAOF acquiring an aggregate of 16,000,000 Shares. Prior to the repayment of the November 1, 2024 convertible note and the issue of the new convertible note, Chicago Atlantic beneficially owned or exercised control and direction over 111,557,755 Shares, representing approximately 32.9% of the 339,475,288 outstanding Shares as of May 7, 2025 (or approximately 37.0% of the 361,785,101 outstanding Shares assuming exercise and conversion, as applicable, in full of all warrants and the principal amount of convertible notes held by CAA and the Affiliates into 22,399,814 Shares). Following the repayment of the November 1, 2024 convertible note and the issue of the new convertible note, Chicago Atlantic beneficially owns or exercises control and direction over the same number and percentage of Shares as noted in the preceding paragraph. The repayment of the November 1, 2024 convertible note and the issue of the new convertible note will be considered a "related party transaction" for the purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61- 101"), as Chicago Atlantic is a "related party" to Vireo as defined in MI 61-101. Chicago Atlantic understands these transactions will be exempt from the formal valuation and minority shareholder approval requirements under MI 61-101 on the basis that neither the fair market value of the securities repaid and issued, nor the fair market value of the consideration for the securities repaid and issued, insofar as it involves related parties, exceeds 25% of the market capitalization of Vireo. The new convertible note was issued in reliance upon exemptions from the registration requirements of the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and applicable Canadian and U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Chicago Atlantic confirms that the new convertible note was acquired by CAOF for investment purposes, and in the future, Chicago Atlantic may acquire additional securities of Vireo, dispose of some or all of the existing or additional securities Chicago Atlantic holds or will hold, or may continue to hold its current position, depending on market conditions, reformulation of plans and/or other relevant factors. Chicago Atlantic confirms that it will file an early warning report pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, on SEDAR+ at under Vireo's profile. Chicago Atlantic's head office is located at 1680 Michigan Avenue, Suite 700, Miami Beach, FL 33139. To obtain a copy of the report, please contact Chicago Atlantic Advisers, LLC using the Investor Inquiries contact information below. Chicago Atlantic is a private markets alternative investment manager focused on industries and companies where demand for capital exceeds traditional supply. The firm's investment strategies include opportunistic private credit and equity with focuses on loans to esoteric industries, specialty asset-based loans, liquidity solutions and growth and technology finance. Chicago Atlantic has closed over $2.3 billion in credit facilities since inception. Chicago Atlantic's team of over 80 professionals has offices in Chicago, Miami, New York and London. For more information on Chicago Atlantic's investment opportunities and financing products, visit
Yahoo
27-06-2025
- Business
- Yahoo
Chicago Atlantic REIT Declares Dividend Following Strong Earnings and Restructuring
Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) is among our list of 10 best low risk dividend paying stocks for June 2025. The company claims strong performance against peers and announced successful loan restructuring in its 2025 first quarter earnings call, before unveiling a cash dividend for the second quarter. The skyline of a major metropolitan center, dotted with commercial real estate properties. Based in Florida, Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) is a leading mortgage REIT in the market. The company utilizes significant real estate, credit, and cannabis expertise to offer senior secured loans. The primary focus is on state-licensed cannabis operators in limited-license states in the U.S. On May 7, 2025, the company conducted its first quarter earnings call. As part of the call, the company reported that since its inception, it has outperformed all the exchange-listed mortgage rates by 51% to 55%, with respect to median and average total return. It has also announced the successful completion of the restructuring of loan number nine, which involved foreclosing assets, acquiring new senior secured loans, and bringing previously non-operational dispensaries back online. The restructuring could potentially lead to a reversal of $1.2 million in CECL reserves related to this loan. Later, on June 16, 2025, following these developments, the company announced a regular quarterly cash dividend of $0.47 per share for the second quarter of 2025. With a beta of 0.31 and a dividend yield of 13.28%, Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) offers an income both attractive and less volatile. Investors purchasing the stock before June 30, 2025, will qualify for the next dividend payout. While we acknowledge the potential of REFI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
