Cannabis Investment Company Chicago Atlantic Earns $9.5M Profit In Q3

Chicago Atlantic BDC, Inc. (NASDAQ: LIEN) announced on Thursday its financial results for the third quarter, revealing a total gross investment income of $15.1 million and net investment income of $9.5 million, or $0.42 per weighted average share outstanding.

The cannabis-focused specialty finance company that has elected to be regulated as a business development company said its total investment portfolio was $311.4 million at fair value for the quarter ended Sept. 30.

Net asset value per share was $13.27 on Sept. 30, as per the company’s third-quarter earnings report.

The company had $99.5 million of liquidity, including $10.5 million of cash and cash equivalents and $11 million of borrowings outstanding on its $100 million senior credit facility, as of Sept.30.

As of Nov. 12, the company has $7.5 million outstanding on its senior credit facility and approximately $97.8 million of liquidity.

“We are a highly differentiated BDC with a portfolio, strategy, platform, and credit quality that continue to stand out from the rest of the industry,” Peter Sack, the company’s CEO, said. “At a time when borrower credit concerns, portfolio interest rate sensitivity, and dividend coverage issues are common concerns across the industry, Chicago Atlantic BDC has relied upon our platform’s originations and underwriting acumen to build a strong portfolio with no loans on non-accrual, low exposure to third-party originators, and limited downside exposure to interest rate declines.”

Chicago Atlantic BDC said its board of directors declared a dividend of $0.34 per share for the quarter ending Dec. 31, 2025, payable on January 15, 2026, to shareholders of record on Dec.31.