Adam JacksonMay 10, 2023
The company's first-quarter results were in line with their revenue guidance.
Tag: real estate
Adam JacksonMay 10, 2023
Debra BorchardtMay 9, 2023
Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) announced its results for the first quarter ending March 31, 2023. The commercial real estate company reported net interest income increased slightly by1% to approximately $14.9 million. The company attributed the increase to approximately $1 million of interest income from prepayment fees and acceleration of original issue […]
Adam JacksonApril 27, 2023
States with mature markets saw the largest shift.
Debra BorchardtOctober 3, 2022
It seems MedMen’s (OTC: MMNFF) recent pushback against Thor Equities is having a rippling effect across the real estate market. Last week, Green Market Report published a story about MedMen’s legal efforts with regard to the rental payments for a property in Chicago. MedMen had signed a lease on a property with Thor Equities, but […]
Adam JacksonAugust 17, 2022
Lev, a commercial real estate (CRE) financing platform, said it completed more than $40 million in cannabis CRE loans across five different sponsors, with an additional $50 million in the pipeline. The news comes as cannabis are increasingly struggling to find funds to back their ventures amid a tightening environment – stymied by a lack of federal banking […]
Adam JacksonAugust 10, 2022
Cannabis REIT NewLake Capital Partners, Inc. (OCTQX: NLCP) posted positive results on Wednesday as it continues to inject capital into the cannabis real estate landscape. The real estate trust released results for the second quarter ending June 30, 2022. NewLake met expectations as it delivered total revenues of approximately $10.5 million during the period, a 59% […]
Adam JacksonAugust 4, 2022
Innovative Industrial Properties, Inc. (NYSE: IIPR) posted positive results as it continues to inject capital into the cannabis real estate landscape. The real estate trust released results for the second quarter ending June 30, 2022. The company saw $70.5 million in total revenue this quarter, a 44% gain from $48.9 million for the same quarter […]
StaffFebruary 2, 2022
Private company Pelorus Equity Group has updated the business world with its operational results. The company is known for providing bridge commercial real estate loans for cannabis businesses and owners with cannabis-related real estate. The company’s privately-held mortgage real estate investment trust, the Pelorus Fund, ended the year with $243 million assets under management and $193 […]
Kaitlin DomangueJuly 29, 2021
Smoking cigarettes indoors has been shown to reduce a home’s resale value by up to 29%, says Realtor.com. When it comes to buying a cannabis enthusiast’s home, the resale value research is less clear, though 30% of realtors say they have struggled to sell a house where cannabis was grown. A recent study conducted by […]
StaffJuly 12, 2021This article by Nadja Sayej was originally published on Leverage.com and is being republished with permission. On March 31, New York Governor Andrew Cuomo announced that the state would legalize medical and adult-use cannabis in the coming year. According to Cuomo, it’ll create over $350 million in revenue, and at least 30,000 jobs. “This is a […]
Get the latest cannabis news delivered right to your inbox
Unpack the industry with the daily cannabis newsletter for business leaders.