Silver Spike Funding Corp. Expands Mortgage Portfolio with Senior Secured Credit score Facility to MariMed Inc.

NEW YORK, Jan. 26, 2023 (GLOBE NEWSWIRE) — Silver Spike Funding Corp. (NASDAQ: SSIC) (“SSIC”) co-led and took part within the not too long ago introduced MariMed Inc. (“MariMed”) $35 million senior secured credit score facility. MariMed is a premier seed-to-consumer vertically built-in multi-state hashish operator.

“We’re excited to help MariMed of their subsequent stage of progress and have nice confidence within the administration crew and their capability to execute. Now we have been methodical in underwriting and deploying capital in these unstable markets and are thrilled so as to add such a top quality and skilled operator to our portfolio,” stated Dino Colonna, Silver Spike Capital’s Co-Head of Credit score.

About Silver Spike Funding Corp.

Silver Spike Funding Corp. (“SSIC”) is a specialty finance firm shaped to speculate throughout the hashish ecosystem by investments within the type of direct loans to hashish corporations. SSIC has elected to be handled as a enterprise growth firm below the Funding Firm Act of 1940, as amended. SSIC is managed by Silver Spike Capital, LLC, an funding supervisor targeted on the hashish and different well being and wellness industries.

Ahead-Trying Statements

Sure data contained herein might represent “forward-looking statements” that contain substantial dangers and uncertainties. Such statements contain recognized and unknown dangers, uncertainties and different elements and undue reliance shouldn’t be positioned thereon. These forward-looking statements will not be historic info, however fairly are primarily based on present expectations, estimates and projections about SSIC, its present and potential portfolio investments, its trade, its beliefs and opinions, and its assumptions. Phrases comparable to “anticipates,” “expects,” “intends,” “plans,” “will,” “might,” “proceed,” “believes,” “seeks,” “estimates,” “would,” “might,” “ought to,” “targets,” “tasks,” “outlook,” “potential,” “predicts” and variations of those phrases and related expressions are meant to establish forward-looking statements. These statements will not be ensures of future efficiency and are topic to dangers, uncertainties and different elements, a few of that are past SSIC’s management and troublesome to foretell and will trigger precise outcomes to vary materially from these expressed or forecasted within the forward-looking statements together with, with out limitation, the dangers, uncertainties and different elements recognized in SSIC’s filings with the SEC. Buyers shouldn’t place undue reliance on these forward-looking statements, which apply solely as of the date on which SSIC makes them. SSIC doesn’t undertake any obligation to replace or revise any forward-looking statements or every other data contained herein, besides as required by relevant legislation.

Contacts

Buyers:
Invoice Healy
[email protected]
212-905-4933

Media:
Alan Oshiki and Sydney Gever
Abernathy MacGregor
[email protected]
212-371-5999

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