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....
Read the full article on Seeking Alpha
For further details see:
Silver Spike Investment Q4: This Cannabis BDC Looks Poised For Growth