SSIC - Silver Spike Investment Q4: This Cannabis BDC Looks Poised For Growth

2024-04-03 07:00:00 ET

Summary

• Silver Spike Investment Corp. is the only business development company in the cannabis sector, making it an attractive investment as the industry grows.
• The company reported solid financial numbers for its first full year of operations, with net investment and total investment income growing quarter-over-quarter and year-over-year.
• Silver Spike recently entered into an agreement with Chicago Atlantic, which is expected to increase scale, liquidity, and portfolio diversification.
• Although the share price has appreciated nearly 25% since February, the stock still trades at a double-digit discount to its NAV price of $13.77.

Introduction

There's a lot of uncertainty surrounding the cannabis industry right now. But more and more states seem to be legalizing cannabis and the industry is expected to grow at a rapid pace over the next few years. If you believe in its the growth outlook, then Silver Spike Investment Corp. ( SSIC ) may be one worth considering....

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