Cannabis REIT Chicago Atlantic Real Estate Finance sets IPO terms

Chicago Atlantic Real Estate Finance Inc. said Monday it plans to offer 6.25 million shares at $16 to $18 per share in a bid to raise about $106 million in its upcoming initial public offering. The Chicago-based real estate investment trust in the cannabis sector plans to list its common stock on the Nasdaq Global Market under the symbol “REFI”. JMP Securities, Compass Point, Oppenheimer & Co., Lake Street and East West Markets are underwriting the IPO. The REIT is controlled by Chicago credit investing firm Chicago Atlantic Group, LLC.

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