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Cannabis Finance Company Silver Spike Announces Solid 2023 Gains

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Silver Spike Investment Corp. (NASDAQ:SSIC), a cannabis-focused specialty finance company, announced Wednesday its financial results for the year ending December 31, 2023. 

Quarter Ended 12/31/2023 Financial Highlights

  • Net investment income of $1.7 million, or $0.28 per share compared to $1.6 million, $0.26 per share in the previous quarter.
  • Investment portfolio of $54.1 million at fair value, which compares to $57.4 million at fair value in the third quarter.
  • Net asset value (“NAV”) per share decreased from $14.06 on September 30, 2023 to $13.77 on December 31, 2023.
  • A cash dividend of $0.25 per share was declared. The dividend is payable on March 28, 2024 to stockholders of record on March 20, 2024.

Year Ended December 2023 Financial Highlights

  • Net investment income of $6.6 million, or $1.07 per share.
  • Net asset value (“NAV”) per share decreased to $13.77, compared to $14.06 as of September 30, 2023. The decrease in NAV per share was primarily driven by dividend payments. Total net assets …

Full story available on Benzinga.com

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