Added to YB: 2026-05-21
Pitch date: 2026-05-18
LIEN [bullish]
Chicago Atlantic BDC, Inc.
-2.39%
current return
Author Info
Lionheart’s Newsletter is for presenting and discussing investment ideas in anything weird, obscure or underfollowed. I just want to turn over rocks and have fun! Sign up for the newsletter.
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
$228.0M
Pitch Price
$10.05
Price Target
13.33 (+36%)
Dividend
13.61%
EV/EBITDA
N/A
P/E
6.67
EV/Sales
4.72
Sector
Capital Markets
Category
dividend
I'm Going To Be Blunt...I Think This Cannabis Stock Can Get Higher - Chicago Atlantic BDC, Inc.
LIEN: Cannabis-focused BDC trading at $9.70 vs $13.33 NAV (37% discount). 40-company loan book at ~16% avg rate, zero non-accruals, many w/ floating rates. Record net investment income, 14% div yield ($1.36/yr). Historically trades $10-$13 range. Risks: history of dilution/debt raises. Expanding beyond cannabis into insurance/mfg. 37% upside to NAV + 14% yield = 51% potential return.
Read full article (5 min)