Cannabis-focused commercial real estate finance company Chicago Atlantic Real Estate announced yesterday it seeks to raise $100 million through an initial public offering of 6.25 million shares of its common stock at $16 per share. The company’s common stock is expected to begin trading on the NASDAQ Global Market today under the symbol REFI. Chicago Atlantic anticipates closing the offering on or around December 10. The company also granted the underwriters a 30-day option to purchase up to approximately 930,000 shares of common stock at the IPO price. In addition, the company plans to use the total gross proceeds of roughly $100 million, before deducting underwriting discounts and commissions, and other offering expenses. Chicago Atlantic, managed by Chicago Atlantic REIT Manager, seeks to provide attractive, risk-adjusted returns for stockholders through consistent current income dividends and other distributions.