Chicago Atlantic Provides $10 Million Credit Facility to Silverpeak Holdings

1 min readPublished On: August 4th, 2021By

CHICAGO–Green Ivy Capital, LLC, an affiliate of Chicago Atlantic Advisers, LLC, announced today it funded a new $10 million senior secured term loan facility for Silverpeak Holdings, LLC, a vertically integrated operator in Colorado. The Term Loan will provide Silverpeak capital to refinance its existing indebtedness and support further growth.

“We are excited to support Silverpeak, an experienced operator in Colorado and believe this capital will act as a catalyst for the next stage of growth” said Thomas Miles, Vice President at Chicago Atlantic. “Silverpeak has a strong management team, brand, and operations that have had a ton of success being profitable in a competitive market.”

Chapman Ducote, Founder of Silverpeak, said, “It was truly a pleasure to work with Chicago Atlantic on this transaction.  Unlike many other lenders that try to understand cannabis, Chicago really gets it, shows up, and provides creative options which look and feel a lot more like a proper credit facility. They listened to our needs and provided the best financing solution we have seen in the space to date.”

(This information is primarily sourced from Green Ivy Capital.  Highly Capitalized has neither approved nor disapproved the contents of this news release. Read our Disclaimer here).

 

About the Author: News Team

Newsteam at Highly Capitalized are some of the most experienced writers in cannabis and psychedelics business & finance. We cover capital markets, finance, branding, marketing and everything important in between. Most of all, we follow the money.

Share This Story, Choose Your Platform!

Latest News

Could Cannabis and Psychedelic Drugs Make Breast Cancer Treatments More Effective? A new study from Grace Health & Wellness suggests they could.

September 30th, 2022|

WESTON, Conn., Sept. 30, In September 2018, when Nicole DiMonda was diagnosed with breast cancer, she underwent the regimen of widely prescribed medications, but also incorporated psilocybin and whole-plant edible cannabis in her therapy. This alternative medicine has intrigued ...