Added to YB: 2025-08-21
Pitch date: 2025-08-20
LIEN [bullish]
Chicago Atlantic BDC, Inc.
-2.65%
current return
Author Info
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Company Info
Silver Spike Investment Corp., is a a business development company. It is a specialty finance company, focuses on investing across the cannabis ecosystem through investments in the form of direct loans to, and equity ownership of, privately held cannabis companies.
Market Cap
$233.9M
Pitch Price
$10.24
Price Target
13.19 (+32%)
Dividend
13.27%
EV/EBITDA
N/A
P/E
7.08
EV/Sales
4.24
Sector
Capital Markets
Category
value
$LIEN & $JOF Two of My Current Favorite N.A.V. Plays! - Chicago Atlantic BDC, Inc.
LIEN: BDC trading at $10.40 (27% discount to $13.19 NAV), specializes in cannabis loans averaging 16% interest across 31 companies. Zero non-accrual loans, some with floors & floating rates. $1.36 annual dividend (13% yield). Consistent trading pattern ($10-13). Potential for special dividends/increases.
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