Specialty finance company, Silver Spike Investment Corp. (NASDAQ: SSIC) was formed to invest across the cannabis ecosystem through investments such as direct loans to and equity ownership of privately held marijuana companies.
An Analyst’s View
With an overweight rating and a 12-month price target of $15.30, Cantor Fitzgerald's Pablo Zuanic said he sees >50% upside over the next 12 months on shares of SSIC, the only publicly listed cannabis-dedicated Business Development Companies (BDCs).
According to the report, Silver Spike Investment Corp.'s (SSIC) structure allows access to a larger addressable (debt) market opportunity relative to those focused only on real estate-backed lending.
“Although SSIC shares have remained stable in the last three months (~$10 range), mostly immune to the cannabis sector drop in Dec (MSOS ETF -40%), the stock trades at a 30% …