Chicago Atlantic BDC, Inc. (LIEN) Research

Silver Spike Investment Corp. functions as a specialized business development company (BDC) dedicated to investing across the cannabis industry. It channels capital into privately held cannabis enterprises through both direct lending and equity ownership. The firm actively collaborates with private equity entities, entrepreneurs, and business owners to offer diverse credit and equity financing solutions. These solutions are designed to facilitate various corporate actions, including buyouts, recapitalizations, expansion initiatives, refinancings, and acquisitions. Its investment focus spans a wide range of cannabis businesses, encompassing those developing enabling technologies, companies in the cannabis-related health and wellness sector, and distributors of hemp and CBD products. Established in 2021, the company is headquartered in New York, New York.

Market snapshot

Symbol
LIEN
Price
$10.24
Day change
+2.40%
Market cap
$233.7M
P/E ratio
6.83x
52-week range
8.92-11.44
Sector
Financial Services
Industry
Asset Management
Next earnings
in 2 months

Recent news

  • Chicago Atlantic BDC: ~30% Discount to NAV, 14% Dividend Yield

    Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) is a publicly traded Business Development Company that specializes in direct lending to middle-market private companies in sectors with regulatory or reputational challenges. The firm was established in 2018 and operates as the public investment vehicle managed by Chicago Atlantic – the same sponsor that also manages Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) , a commercial mortgage REIT.

Peer companies

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  • GSR IV Acquisition Corp. Class A ordinary share (GSRF)
  • Medallion Financial Corp. (MFIN)
  • Mount Logan Capital Inc. Common Stock (MLCI)
  • Barings Participation Investors (MPV)
  • NewtekOne, Inc. (NEWT)
  • SuRo Capital Corp. (SSSS)
  • SWK Holdings Corporation (SWKH)

Recent insider activity

  • Sack Peter — P-Purchase (450 shares) on 2025-09-19
  • Geoffroy Thomas — trade (0 shares) on 2025-07-01
  • Sack Peter — P-Purchase (1000 shares) on 2025-07-17
  • Fazio Gianni James Lezziere — trade (0 shares) on 2025-07-01
  • Mahajan Umesh — P-Purchase (1000 shares) on 2025-06-06

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