Green Ivy Capital, an affiliate of Chicago Atlantic Advisers, funded a $10 million senior secured term loan facility for Silverpeak Holdings, a vertically integrated operator in Colorado. The term loan will provide Silverpeak capital to refinance its existing indebtedness and to 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” Thomas Miles, vice president at Chicago Atlantic Advisors, said. “Silverpeak has a strong management team, brand and operations that have had a ton of success being profitable in a competitive market.”
“It was truly a pleasure to work with Chicago Atlantic on this transaction,” Chapman Ducote, founder of Silverpeak, said. “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.”
