Articles from Chicago Atlantic

Chicago Atlantic announced its role as sole arranger and administrative agent in the funding of a senior secured term loan for TrueRC Canada Inc. (“TrueRC”). Founded by Hugo Chamberland in 2014, TrueRC is at the forefront of drone antenna design and manufacturing.

Chicago Atlantic announced the appointment of former FLUENT Cannabis CEO Robert Beasley, as Partner, Head of Restructuring. Beasley will be responsible for supporting the firm’s ongoing commitment to value creation and operational excellence across its portfolio.

Chicago Atlantic announced its role as sole arranger and administrative agent in the funding of a senior secured term loan for Nurture Life Inc. (the Company).

Chicago Atlantic announced its role as sole arranger and administrative agent in the funding of a senior secured term loan for Because™ Market (“Because”). Founded in 2017, Because has built a strong reputation for providing high-quality products in the incontinence, personal hygiene, and wellness sectors.

Chicago Atlantic announced that it acted as administrative agent on the funding of a senior secured term loan for Terra Kaffe, Inc., a company specializing in high-end, bean-to-cup coffee machines.

Chicago Atlantic today announced that Silver Spike Investment Corp. (“SSIC” or the “Company”), a specialty finance company that has elected to be regulated as a business development company, acquired a portfolio of loans (the “CALP Loan Portfolio”) from Chicago Atlantic Loan Portfolio, LLC (“CALP”), a Chicago Atlantic-managed fund, in exchange for newly issued shares of the Company’s common stock (the “Loan Portfolio Acquisition”). As a result of the Loan Portfolio Acquisition, CALP and legacy SSIC stockholders own approximately 72.8% and 27.2%, respectively, of the outstanding shares of the Company’s common stock.

Chicago Atlantic announced the appointment of former BlackRock executive Kushal Kshirsagar as Managing Director, Private Wealth Solutions. Kshirsagar will be responsible for bringing Chicago Atlantic’s private markets strategies to individual investors and their advisors.

Tim Anderson, known institutional capital raiser and most recently Managing Director at Marquee Capital, has joined alternative investments manager Chicago Atlantic. Anderson will lead the firm’s institutional fundraising efforts as Managing Director, Institutional Business Development.

Chicago Atlantic has closed a $20 million facility in senior secured financing to Nova Farms, a fully integrated cannabis operator managing a Massachusetts cultivation farm, seven retail brands and five full-service dispensaries across Massachusetts, Maine and New Jersey.

Chicago Atlantic BDC Holdings, LLC and its affiliates (Chicago Atlantic) today entered into a definitive agreement with Silver Spike Capital, LLC (SSC), the investment adviser of Silver Spike Investment Corp (NASDAQ: SSIC), pursuant to which a joint venture between Chicago Atlantic and SSC would be created to combine and jointly operate SSC’s and a portion of Chicago Atlantic’s investment management businesses, subject to certain SSIC stockholder approvals and customary closing conditions (the “Joint Venture”).

Chicago Atlantic announced today the funding of a $16 million senior secured term loan to Margo, a cryptocurrency ATM operator that provides a secure and convenient way to instantly turn cash into digital currency.

Chicago Atlantic announced it closed a secured term loan with Halo Collar™, the AI-driven dog collar that utilizes proprietary technology to offer highly accurate GPS dog fencing solutions.