---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-016955"
form_type: "8-K/A"
ticker: "REFI"
cik: "0001867949"
company_name: "Chicago Atlantic Real Estate Finance, Inc."
filed_at: "2022-03-31T23:59:59+00:00"
generated_at: "2026-06-26T12:42:29.628930+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Chicago Atlantic REFI provides audited FY2020 financials of its Michigan cannabis borrower

## Summary
- Borrower's audited FY2020: revenue $22.97M, net income $7.19M, total assets $59.16M.
- Borrower is a vertically-integrated Michigan cannabis operator; federal illegality risk noted in audit report.
- Amendment to Jan 2022 8-K reporting loan funding; financials were previously unavailable.
- Borrower's FY2020 gross profit $17.02M, operating income $7.23M, interest expense $3.99M.

## SEC filing metadata
- accession: 0001213900-22-016955
- form_type: 8-K/A
- ticker: REFI
- cik: 0001867949
- company_name: Chicago Atlantic Real Estate Finance, Inc.
- filed_at: 2022-03-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1867949/000121390022016955/0001213900-22-016955-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1867949/000121390022016955/ea157690-8ka1_chicago.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-016955
- JSON: https://secwatch.observer/filing/0001213900-22-016955.json
- Plain text: https://secwatch.observer/filing/0001213900-22-016955.txt

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