v3.26.1
Related Party Transactions
6 Months Ended
Jun. 30, 2026
Related Party Transactions  
Related Party Transactions

21. Related Party Transactions

As of each of June 30, 2026 and December 31, 2025, the Company owed $0.4 million and $2.0 million, due to related parties.

Details surrounding the lending relationships between the Company and Chicago Atlantic, are described in Note 11 “Long-Term Debt” and Note 12 “Convertible Notes.”

During the three months ended June 30, 2026 and 2025, the Company paid Chicago Atlantic $4.5 million and $0, respectively, for certain underwriting services, legal services, accounting services, data analytics services, and real estate services. During the six months ended June 30, 2026 and 2025, the Company paid Chicago Atlantic $6.0 million and $0, respectively, for certain underwriting services, legal services, accounting services, data analytics services, and real estate services.

John Mazarakis, the Company’s Chief Executive Officer, is a partner of Chicago Atlantic Group, LP, an affiliate of Chicago Atlantic Admin, LLC.