Chicago Atlantic Admin announced that it acted as an administrative agent on the funding of a $30 million senior secured credit facility for Deep Roots Holdings.
The capital provided by Chicago Atlantic, on behalf of its affiliated investment funds, will support Deep Roots Harvest's expansion as it takes on additional retail and cultivation assets across Nevada. In October 2024, Deep Roots Harvest acquired most of the assets of Nevada cannabis operator, The Source Holdings.
The successful move positions Deep Roots to operate 12 total dispensaries and establishes them as the market share leader in Nevada.
"Deep Roots is a company to watch in 2025, and it's our pleasure to take a front-row seat and support their growing investment portfolio," said David Kite, Managing Partner at Chicago Atlantic. "Their team has shown operational expertise at every level, exceptional business acumen, and a strong balance sheet – We couldn't be more excited to partner with them."
For more information:
Deep Roots Harvest
deeprootsharvest.com