Frank Colombo
Cannabis companies generally have been raising less money this year versus previous years, but not all industry sectors are coming up short.
Cannabis real estate lenders are bucking the trend.
Even federally insured banks are opening their checkbooks for these companies.
Here’s a closer look at what’s going on:
1. American companies that lend money and provide sale-leasebacks to the U.S. cannabis cultivation and retail sector have raised $517 million year-to-date as of May 19, 2022 – 232% higher than the total last year and higher than in the equivalent period in any previous year.
Viridian Capital Advisors assigns these companies to the “real estate” sector, one of 12 subsectors of the cannabis industry that we track closely.
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Major companies in the sector include AFC Gamma (Nasdaq: AFCG), Chicago Atlantic Real Estate Finance (Nasdaq: REFI), Innovative Industrial Properties (NYSE: IIPR), NewLake Capital Partners (OTC: NLCP), Power
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