Chicago Atlantic BDC (LIEN) Appoints Interim CFO and New CAO
Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) is one of the 7 most undervalued pot stocks to buy according to analysts. On July 1, the company announced changes to its executive team, appointing an interim Chief Financial Officer (CFO) and a new Chief Accounting Officer (CAO). The move was necessitated by Martin Rodgers’ resignation from the CFO position.
A close-up of a cannabis flower bud in its natural state with a shallow depth of field.
Rodgers exited the CFO position on July 1, after which the company stated that “Mr. Rodgers’ decision to resign from his position as Chief Financial Officer of the Company was not due to a disagreement on any matter related to the Company’s operations, policies or practices.” In his stead, Thomas Geoffroy will serve as the interim CFO. The appointment took effect immediately.
Mr. Geoffroy has over 20 years of experience in accounting and finance. He has expertise in financial reporting, operations, and internal controls within the financial services industry. His background includes serving as CFO of a NASDAQ-listed mortgage REIT, a publicly traded credit-focused asset management firm, and a family office. He also held roles as Finance and Operations Principal (CFO), General Securities Principal, and Chief Compliance Officer at United Capital Markets, as well as Controller at Ares Management.
Chicago Atlantic BDC’s Board also appointed Gianni Fazio as the new CAO. Mr. Fazio is a licensed Certified Public Accountant with over five years of experience in finance and accounting. He joined the company in 2023 after previously serving as a Venture Associate at Adit Ventures.
Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) invests across the cannabis ecosystem. It provides direct loans and equity financing to privately held cannabis companies and related businesses. Its investment objective enables companies in niche and underserved sectors to gain access to much-needed capital.
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Disclosure: None. This article is originally published at Insider Monkey.
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