---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-010336"
form_type: "8-K/A"
ticker: "REFI"
cik: "0001867949"
company_name: "Chicago Atlantic Real Estate Finance, Inc."
filed_at: "2022-03-02T23:59:59+00:00"
generated_at: "2026-06-27T02:35:44.081071+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# REFI amends 8-K to provide Verano Holdings audited FY2020 financials; revenue $228.5M, net income $124.7M

## Summary
- Verano revenue grew to $228.5M in 2020 from $65.9M in 2019; net income of $124.7M vs $18.4M loss.
- Total assets $459.3M at Dec 31, 2020, up from $194.1M; cash $16.4M vs $6.4M.
- Gross profit $255.7M in 2020, driven by $254.2M unrealized fair value gain on biological assets.
- REFI acquired $10M loan principal in Verano from an affiliate on Dec 15, 2021 (original report).

## SEC filing metadata
- accession: 0001213900-22-010336
- form_type: 8-K/A
- ticker: REFI
- cik: 0001867949
- company_name: Chicago Atlantic Real Estate Finance, Inc.
- filed_at: 2022-03-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1867949/000121390022010336/0001213900-22-010336-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1867949/000121390022010336/ea156402-8ka1_chicago.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-010336
- JSON: https://secwatch.observer/filing/0001213900-22-010336.json
- Plain text: https://secwatch.observer/filing/0001213900-22-010336.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.