secwatch.observer — SEC 8-K summary
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Issuer:     Chicago Atlantic Real Estate Finance, Inc. (REFI)
CIK:        0001867949
Form:       8-K/A
Filed at:   2022-03-02T23:59:59+00:00
Accession:  0001213900-22-010336
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1867949/000121390022010336/0001213900-22-010336-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1867949/000121390022010336/ea156402-8ka1_chicago.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-010336

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer