---
title: "REFI: All-stock merger forms a leading BDC in cannabis lending, closing expected Q4 2026"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290187799.md"
description: "A merger between two specialty finance platforms will create a scaled BDC focused on senior secured lending in the cannabis and lower middle markets, with a pro-forma NAV of $613 million. The all-stock deal is expected to close in Q4 2026, pending approvals.Original document: Chicago Atlantic Real Estate Finance, Inc. [REFI] Press release — Jun. 18 2026DisclaimerThis is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source."
datetime: "2026-06-18T11:08:34.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290187799.md)
  - [en](https://longbridge.com/en/news/290187799.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290187799.md)
generator: "portal-rs"
---

# REFI: All-stock merger forms a leading BDC in cannabis lending, closing expected Q4 2026

A merger between two specialty finance platforms will create a scaled BDC focused on senior secured lending in the cannabis and lower middle markets, with a pro-forma NAV of $613 million. The all-stock deal is expected to close in Q4 2026, pending approvals.

Original document: Chicago Atlantic Real Estate Finance, Inc. \[REFI\] Press release — Jun. 18 2026

**Disclaimer**

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**