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Upturn AI SWOT - About
LIEN 
Chicago Atlantic BDC, Inc. (LIEN)
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Upturn Advisory Summary
09/17/2025: LIEN (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
1 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $11
1 Year Target Price $11
| 0 | Strong Buy |
| 0 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 6.87% | Avg. Invested days 43 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 09/17/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 251.03M USD | Price to earnings Ratio 8.15 | 1Y Target Price 11 |
Price to earnings Ratio 8.15 | 1Y Target Price 11 | ||
Volume (30-day avg) 1 | Beta 0.24 | 52 Weeks Range 9.40 - 12.27 | Updated Date 09/17/2025 |
52 Weeks Range 9.40 - 12.27 | Updated Date 09/17/2025 | ||
Dividends yield (FY) 11.57% | Basic EPS (TTM) 1.35 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 58.81% | Operating Margin (TTM) 54.85% |
Management Effectiveness
Return on Assets (TTM) 7.52% | Return on Equity (TTM) 12.44% |
Valuation
Trailing PE 8.15 | Forward PE 7.24 | Enterprise Value 237197136 | Price to Sales(TTM) 6.15 |
Enterprise Value 237197136 | Price to Sales(TTM) 6.15 | ||
Enterprise Value to Revenue 8.15 | Enterprise Value to EBITDA - | Shares Outstanding 22820600 | Shares Floating - |
Shares Outstanding 22820600 | Shares Floating - | ||
Percent Insiders 0.45 | Percent Institutions 26.74 |
Upturn AI SWOT
Chicago Atlantic BDC, Inc.
Company Overview
History and Background
Chicago Atlantic BDC, Inc. (CSWC) was founded in 2021 and focuses on providing financing solutions to businesses in the cannabis industry. It provides senior secured loans and other debt solutions to state-licensed cannabis operators. CSWC has grown rapidly since its inception, capitalizing on the limited access to traditional financing within the cannabis sector.
Core Business Areas
- Senior Secured Loans: The company's primary business segment involves originating, structuring, and investing in senior secured loans to cannabis companies. These loans are typically collateralized and carry floating interest rates.
Leadership and Structure
John Mazarakis is the Executive Chairman of the Board, and Anthony Cappell is the CEO. The company is structured as a BDC, meaning it is designed to pass through income to shareholders in the form of dividends.
Top Products and Market Share
Key Offerings
- Senior Secured Loans to Cannabis Operators: These loans are provided to cannabis companies for various purposes, including acquisitions, expansion, and working capital. Market share data is difficult to obtain precisely within the fragmented cannabis lending space. Competitors include other BDCs and private credit funds specializing in cannabis.
Market Dynamics
Industry Overview
The cannabis industry is rapidly growing but faces regulatory hurdles and limited access to traditional banking and financing. This creates opportunities for alternative lenders like Chicago Atlantic.
Positioning
Chicago Atlantic positions itself as a leading provider of capital to the cannabis industry, leveraging its expertise and relationships. Its competitive advantage lies in its specialized focus and ability to navigate the complex regulatory environment.
Total Addressable Market (TAM)
Estimates for the cannabis industry TAM vary widely. A recent report from New Frontier Data estimates legal global cannabis sales will reach $35 billion in 2023. CSWC's position focuses on capturing share within the lending sector that facilitates that TAM.
Upturn SWOT Analysis
Strengths
- Specialized expertise in cannabis lending
- Strong relationships with cannabis operators
- High dividend yield
- Senior secured loan structure provides downside protection
Weaknesses
- Concentrated exposure to the cannabis industry
- Regulatory risk associated with the cannabis industry
- Smaller market capitalization compared to larger BDCs
- High reliance on management's cannabis industry expertise
Opportunities
- Expansion of the cannabis industry in new states
- Increased institutional acceptance of cannabis lending
- Potential for M&A activity within the cannabis industry
- Growth in ancillary cannabis businesses
Threats
- Changes in cannabis regulations (e.g., federal legalization)
- Increased competition from other lenders
- Economic downturn impacting cannabis operators
- Default risk associated with cannabis borrowers
Competitors and Market Share
Key Competitors
- AFC Gamma, Inc. (AFCG)
- Innovative Industrial Properties, Inc. (IIPR)
- NewLake Capital Partners, Inc. (NLCP)
Competitive Landscape
Chicago Atlantic competes with other BDCs and private credit funds focused on the cannabis industry. Its advantages include its specialized expertise and strong relationships, but faces risks of increased competition and regulatory changes.
Growth Trajectory and Initiatives
Historical Growth: Chicago Atlantic has experienced rapid growth in recent years due to the expansion of the cannabis industry and increased loan originations.
Future Projections: Future growth is expected to continue, albeit potentially at a slower pace, as the cannabis industry matures and competition increases.
Recent Initiatives: Recent initiatives include expanding lending operations to new states and developing new financing products for the cannabis industry.
Summary
Chicago Atlantic BDC is a specialized lender in the cannabis industry, experiencing rapid growth due to the increasing demand for capital in this sector. Its strengths lie in its high dividend yield and senior secured loan structure. However, it faces risks associated with regulatory uncertainty and increasing competition. Future success depends on effectively managing these risks and capitalizing on growth opportunities.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings (SEC)
- Industry reports (e.g., New Frontier Data)
- Analyst reports
Disclaimers:
This analysis is based on publicly available information and does not constitute financial advice. Market share figures are estimates and may not be precise. The cannabis industry is subject to rapid regulatory changes, which could impact Chicago Atlantic's business.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Chicago Atlantic BDC, Inc.
Exchange NASDAQ | Headquaters New York, NY, United States | ||
IPO Launch date 2022-02-04 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | Website |
Full time employees - | Website | ||
Silver Spike Investment Corp., is a a business development company. It is a specialty finance company, focuses on investing across the cannabis ecosystem through investments in the form of direct loans to, and equity ownership of, privately held cannabis companies. It intends to partner with private equity firms, entrepreneurs, business owners, and management teams to provide credit and equity financing alternatives to support buyouts, recapitalizations, growth initiatives, refinancings, and acquisitions across cannabis companies, including cannabis-enabling technology companies, cannabis-related health and wellness companies, and hemp and CBD distribution companies. The company was founded in 2021 and is based in New York, New York.
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