10 Best Cannabis Stocks to Buy According to Billionaires

8. Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Number of Billionaire Holders: 4

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) is a commercial real estate finance company that manages a diversified portfolio of real estate credit investments, primarily in the cannabis space, and is actively investing across the value chain.

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) missed forecasts in Q4 2024 as its EPS of $0.39 fell slightly below expectations of $0.42. The company’s revenue of $14.07 million was also down 5.2% YoY and missed estimates. As of March 12, 2025, REFI had $71.5 million available on its secured revolving credit facility and a total liquidity, net of estimated liabilities, of approximately $67 million. The company also declared a regular quarterly cash dividend of $0.47 and also paid a special cash dividend of $0.12 per share in January. REFI is expecting to maintain payment of 90% to 100% of its basic distributable earnings per share in dividends also in the year 2025.

Shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) were held by 6 hedge funds at the end of Q4 2024, with a total stake value of $15.79 million, up by over 122% from the previous quarter. REFI was also included in our list of the 10 Most Undervalued Real Estate Stocks to Buy According to Analysts.