This deal will see Silver Spike get newly issued shares of their common stock in exchange for acquiring CALP’s loans. New York-based Silver Spike Investment Corp., a firm known for its investments in the cannabis, health, and wellness sectors, has agreed to acquire the Chicago Atlantic Loan Portfolio (CALP) loans. In addition, this move allows Silver Spike to stay ahead of dynamic cannabis market trends and investor sentiments while ensuring sustainable growth.A Promising Future for Cannabis InvestmentsDespite the expanded strategy, cannabis will continue to be a priority area for Silver Spike. This move marks a significant expansion for Silver Spike, positioning them as a major player in the investment landscape.Strategic Shift for Silver Spike Starting April 22The company’s board has also unanimously decided to change its existing investment strategy. From April 22 onwards, Silver Spike will broaden its focus beyond just cannabis, health, and wellness sectors.
New York-based Silver Spike Investment Corp., a firm known for its investments in the cannabis, health, and wellness sectors, has agreed to acquire the Chicago Atlantic Loan Portfolio (CALP) loans. This deal will see Silver Spike get newly issued shares of their common stock in exchange for acquiring CALP’s loans. The resulting value is expected to be equivalent to the entire portfolio value of CALP.
Once the acquisition is completed, Silver Spike is anticipated to hold a total of approximately $213 million in net assets and have investments in 27 different portfolio companies. This move marks a significant expansion...
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