Silver spike provided a loan of up to US $170million to shryne group

Silver spike Investment Corp. led a $170million loan to the privately held shryne group, a California marijuana grower, manufacturer and retailer. Frankcortson, head of Credit Department of silver spike capital, said at the press conference that the senior secured term loan was "one of the largest debt financing ever provided to private marijuana companies". Silver spike Investment Corp. was listed in early 2022 and plans to lend and invest to medium-sized cannabis companies. The company's shares are traded on NASDAQ in the name of SSIC.

Source: mjbizdaily com/