How Cannabis Lending Is Quietly Evolving

The Dales Report | Trade to Black · Oct 22, 2025 · 26m

On the latest Trade To Black Podcast, host Shadd Dales and co-host Anthony Varrell sit down with Peter Sack, Managing Partner of Chicago Atlantic (NASDAQ: LIEN) — one of the key players shaping how cannabis companies actually get financed in 2025.Two weeks ago, Verano Holdings (CBOE: VRNO / OTCQX: VRNOF) locked in a $75 million credit facility led by Chicago Atlantic. It wasn’t about raising new money — it was about cleaning up old debt. Peter joins the show to unpack why that move matters, how balance sheet strategy is evolving, and what this deal says about where real capital is flowing in…