Form 4: Chicago Atlantic Credit Opportunities Increases Stake in Goodness Growth Holdings

Chicago Atlantic Credit Opportunities, LLC reports purchasing 1,300,078 subordinate voting shares of Goodness Growth Holdings, Inc. at $0.5384 per share.

Summary

• Chicago Atlantic Credit Opportunities, LLC filed a Form 4 indicating a change in beneficial ownership of Goodness Growth Holdings, Inc. shares.
• On June 14, 2024, the company purchased 1,300,078 subordinate voting shares at a price of $0.5384 per share.
• Following the transaction, Chicago Atlantic Credit Opportunities, LLC directly owns 10,659,506 shares and indirectly owns 1,301,216 shares.
• The reporting entities include Chicago Atlantic Credit Opportunities, LLC, Chicago Atlantic Advisers, LLC, Chicago Atlantic Group, LP, Chicago Atlantic Manager, LLC, Chicago Atlantic Group GP, LLC, and Chicago Atlantic GP Holdings, LLC.
• The filing persons disclaim beneficial ownership of all reported securities except to the extent of their pecuniary interest therein, if any.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it's a standard regulatory filing reporting a transaction. The increase in shareholding could be seen as mildly positive, but the document itself is factual.

Positives

• Chicago Atlantic Credit Opportunities, LLC increased its investment in Goodness Growth Holdings, Inc., signaling confidence in the company.

Management Comments

• The filing persons disclaim beneficial ownership of all reported securities except to the extent of their pecuniary interest therein, if any.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and significant shareholders, providing transparency to the market.

Stakeholder Impact

• The increased stake by Chicago Atlantic Credit Opportunities, LLC could be viewed positively by shareholders.

Key Dates