Chicago Atlantic BDC Inc

What Do They Do?

Provides loans and equity financing to privately held cannabis companies and other businesses in complex, regulated or underserved industries.

How Do They Make Money?

Earns interest from loans to portfolio companies, which typically pay interest and some principal amortization. It also earns generally non-recurring fees for services such as structuring and advisory work, usually paid when the service is rendered or the transaction is completed.

Who Are Their Customers?

Makes loans primarily to private lower- and middle-market businesses, especially cannabis companies. The adviser sources opportunities through entrepreneurs, investment firms and banks, and typically negotiates terms directly with potential borrowers.

Do Revenues Turn Into Profits?

Yes. Its net income in FY2025 was larger than its revenue.

How Are They Changing?