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Chicago Atlantic BDC (LIEN) investor relations material
Chicago Atlantic BDC Fireside chat summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Introduction and agenda
Discussion focused on the structure and strategy of operating multiple lending vehicles, industry trends, and the impact of regulatory changes on cannabis finance.
Covered investor sentiment, portfolio construction, and the unique risk-reward profile of cannabis lending.
Background and experience of the speaker
Speaker has a background in private and idiosyncratic credit, with seven years of focus on the cannabis industry.
Built an organization with industry-leading expertise in cannabis finance.
Current industry trends
Mortgage REIT and BDC sectors underperformed in 2025 due to declining interest rates and concerns over private credit market saturation and defaults.
Cannabis lending portfolios are less exposed to interest rate declines due to high floors on floating-rate loans.
Investor sentiment in cannabis finance is buoyed by diversification benefits and industry-specific growth drivers.
Rescheduling of cannabis is expected to increase demand for credit and equity optimism among operators.
No significant influx of new lenders into cannabis despite regulatory optimism; capital constraints persist.
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