Silver Spike Investment Corp. Expands Loan Portfolio with Senior Secured Credit Facility to DreamFields Brands, Inc. (Jeeter)
08 May 2023 - 10:05PM
Silver Spike Investment Corp. (NASDAQ: SSIC) (“SSIC”) led and
participated in the $35 million initial close of a senior secured
credit facility to DreamFields Brands, Inc. (“DreamFields”), a
leading multi-state cannabis operator, and one of the fastest
growing companies in the cannabis industry, through its Jeeter
brand.
“We are thrilled to support DreamFields and
Jeeter as they expand operations across several new states and
continue to build brand momentum with cannabis consumers, and we
look forward to the opportunity to expand the credit facility as
the company continues its strong performance. SSIC has been very
deliberate and methodical in deploying its capital and is pleased
to add another leading brand and an experienced operator to its
investment portfolio,” said Umesh Mahajan, Silver Spike Capital’s
Co-Head of Credit.
About Silver Spike Investment
Corp.
Silver Spike Investment Corp. (“SSIC”) is a
specialty finance company formed to invest across the cannabis
ecosystem through investments primarily in the form of direct loans
to cannabis companies. SSIC has elected to be treated as a business
development company under the Investment Company Act of 1940, as
amended. SSIC is managed by Silver Spike Capital, LLC, an
investment manager focused on the cannabis and alternative health
and wellness industries.
Forward-Looking Statements
Certain information contained herein may
constitute “forward-looking statements” that involve substantial
risks and uncertainties. Such statements involve known and unknown
risks, uncertainties and other factors and undue reliance should
not be placed thereon. These forward-looking statements are not
historical facts, but rather are based on current expectations,
estimates and projections about SSIC, its current and prospective
portfolio investments, its industry, its beliefs and opinions, and
its assumptions. Words such as “anticipates,” “expects,” “intends,”
“plans,” “will,” “may,” “continue,” “believes,” “seeks,”
“estimates,” “would,” “could,” “should,” “targets,” “projects,”
“outlook,” “potential,” “predicts” and variations of these words
and similar expressions are intended to identify forward-looking
statements. These statements are not guarantees of future
performance and are subject to risks, uncertainties and other
factors, some of which are beyond SSIC’s control and difficult to
predict and could cause actual results to differ materially from
those expressed or forecasted in the forward-looking statements
including, without limitation, the risks, uncertainties and other
factors identified in SSIC’s filings with the SEC. Investors should
not place undue reliance on these forward-looking statements, which
apply only as of the date on which SSIC makes them. SSIC does not
undertake any obligation to update or revise any forward-looking
statements or any other information contained herein, except as
required by applicable law.
Contacts
Investors:Bill Healy
Bill@silverspikecap.com212-905-4933
Media:Alan Oshiki and Sydney GeverAbernathy
MacGregorSilverspikecapital@abmac.com212-371-5999
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