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Analyst Predicts Success For Cannabis Finance Company Amidst Industry Struggles, Reiterates Overweight Rating
Silver Spike Investment Corp. SSIC is a specialty finance firm shaped to invest across the cannabis ecosystem via investments in the variety of direct loans to hashish businesses. The firm allocated a full of $21 million to the Verano Holdings Corp. VRNOF $350 million senior secured credit history facility in November and noted web expenditure profits of $550,415 for the Q2 2023, compared to net expense reduction of $128,186 in Q2 2022. On January 18th, hashish REIT, Progressive Industrial Homes, Inc. IIPR, declared that three of its tenants are in default: 
 
 SH Dad or mum, Inc. (Parallel) was in default on its obligations to shell out rent at…
