SEC-Approved Cannabis Lender Acquired By Investment Giant, Changes Ticker To $LIEN
Portfolio Pulse from Rolando García
Chicago Atlantic has acquired Silver Spike Investment Corp., the only SEC-approved BDC focused on cannabis lending, and will change its ticker to $LIEN. This acquisition comes at a pivotal time for the cannabis industry, with potential regulatory reforms on the horizon.
October 01, 2024 | 9:54 pm
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Chicago Atlantic's acquisition of Silver Spike and the subsequent ticker change to $LIEN positions the company to capitalize on potential cannabis industry reforms. This could enhance its lending platform and attract investors seeking exposure to the cannabis sector.
The acquisition and ticker change to $LIEN align with potential regulatory changes in the cannabis industry, which could increase demand for cannabis-focused lending. This positions Chicago Atlantic to benefit from increased capital flow into the sector.
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