![]() ![]() SSIC has elected to be treated as a business development company under the Investment Company Act of 1940, as amended. (“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. A live webcast of the call will also be available on the SSIC website at .Ī replay of the call will be available at by end of day May 12, 2023.Ĭall Details – Silver Spike Investment Corp. Participants may register for the call here. SSIC will host a conference call and webcast to discuss the Company's financial results at 8:00 a.m. © 2023 NYP Holdings, Inc.NEW YORK, (GLOBE NEWSWIRE) - Silver Spike Investment Corp. (“SSIC” or the “Company”), a specialty finance company that was formed to invest across the cannabis ecosystem through investments primarily in the form of direct loans to privately held cannabis companies, today announced it will report financial results for its first quarter ended March 31, 2023, after market close on Thursday, May 11, 2023. ![]() But weed stocks have seen dramatic surges in both directions as investors try to gauge the possibility and timing of federal legalization. “Our partnership with Silver Spike will provide us a stronger platform to advance our mission to advocate for legalization, social equity and licensing in many jurisdictions.”Īfter it became clear in early November that five more states had legalized cannabis and Joe Biden had won the presidential election, weed companies saw their share prices skyrocket. “We passionately believe in the power of cannabis and the importance of enabling safe, legal access to cannabis for consumers worldwide,” WeedMaps CEO, Chris Beals said in a statement. Still, WeedMaps’ future is just as much linked to efforts to legalize pot nationwide as companies that grow or dispense weed. New York Democrats mull legalizing weed, taxing the rich amid COVID money crunchĬalifornia-based WeedMaps, however, strictly offers users information about and reviews of cannabis dispensaries, so it is exempt from these restrictions. While some big pot producers like Aurora Cannabis and Canopy Growth now trade on the NYSE or Nasdaq, they first listed in their native Canada before entering US markets via an acquisition or by filing applications proving they had no US-based operations and were in good legal standing North of the border. Its rare for pot companies to get their start on a US stock exchange because there are hurdles for businesses involved in selling marijuana, or “plant touching,” to also sell shares in the US. The deal means it’s parent company will take over Silver Spike’s Nasdaq listing with its own ticker symbol, thus subverting the typical IPO process. WeedMaps is essentially Yelp for people looking toke up. The stock ended the day up 24 percent to $16.14 a share. Investors sent the stock up as much as 42 percent after the company, formed last year to raise money to buy real businesses, said it has reached a $575 million deal with WeedMaps’ parent company, WM Holding Co., to merge in a transaction that will value the new entity at $1.5 billion. took off Thursday after it announced plans to merge with cannabis review platform WeedMaps. Shares of blank-check company Silver Spike Acquisition Corp. NY Republicans move to ban public pot smoking over its ‘pungent odor’Ģ.7M New Yorkers consume marijuana at least once a month: officials NYC’s first weed shop lands ‘excellent’ $12M in sales in six monthsĬouples are taking things higher with cannabis-themed weddings ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |