Silver Spike Investment Corp

Silver Spike Investment Corp. operates as a closed-end, non-diversified management investment company. The company invests across the cannabis ecosystem through investments in the form of direct loans to, and equity ownership of, privately held cannabis companies. The company was founded on January 25, 2021 and is headquartered in New York, NY.

Earnings data Q1 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Silver Spike Investment Corp. operates as a closed-end, non-diversified management investment company. The company invests across the cannabis ecosystem through investments in the form of direct loans and equity ownership of privately held cannabis companies. The company was founded on January 25, 2021 and is headquartered in New York, NY.

Silver Spike Investment Corp. is the only business development company in the cannabis sector, making it an attractive investment as the industry grows. The company reported solid financial numbers for its first full year of operations, with net investment and total investment income growing quarter-over-quarter and year-over-year. Silver Spike recently entered into an agreement with Chicago Atlantic, which is expected to increase scale, liquidity, and portfolio diversification.

Silver Spike Investment Q4: This Cannabis BDC Looks Poised For Growth

Silver Spike Investment Corp. (SSIC) Q4 2023 Earnings Call Transcript

NEW YORK, March 27, 2024 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“SSIC” or the “Company”) (NASDAQ: SSIC), a specialty finance company that has elected to be regulated as a business development company, today announced its financial results for the fiscal year ended December 31, 2023.

Silver Spike Investment Corp. Reports Fiscal Year End 2023 Financial Results

NEW YORK, March 14, 2024 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“SSIC” or the “Company”) (NASDAQ: SSIC), a specialty finance company that has elected to be regulated as a business development company, today announced it will report financial results for its fiscal year ended December 31, 2023, before market open on Thursday, March 28, 2024.

Silver Spike Investment Corp. Announces Fiscal Year End 2023 Financial Results Conference Call

NEW YORK, March 08, 2024 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“Silver Spike” or the “Company”) (NASDAQ: SSIC), a specialty finance company that has elected to be treated as a business development company, today announced that Silver Spike's board of directors has declared a cash dividend of $0.25 per share for the quarter ending March 31, 2024.

Silver Spike Investment Corp. Declares Cash Dividend for First Quarter 2024

CHICAGO--(BUSINESS WIRE)--Chicago Atlantic and Silver Spike Capital, investment adviser of Silver Spike Investment Corp (NASDAQ: SSIC), pursue a joint venture.

Chicago Atlantic Enters into Joint Venture with Silver Spike

NEW YORK, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“Silver Spike” or the “Company”) (Nasdaq: SSIC), a specialty finance company that has elected to be treated as a business development company, today announced that the board of directors of Silver Spike has unanimously approved an expansion of Silver Spike's investment strategy to permit investments in companies outside of the cannabis and health and wellness sectors that otherwise meet the Company's current investment criteria.

Silver Spike Investment Corp. Announces a Broadening of Its Investment Strategy

NEW YORK, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (the “Company”) (Nasdaq: SSIC), a specialty finance company that has elected to be treated as a business development company, today announced that it entered into a definitive agreement with Chicago Atlantic Loan Portfolio, LLC (“CALP”) for the purchase (the “Loan Portfolio Acquisition”) from CALP of a sizeable portfolio of loans (the “CALP Loan Portfolio”). The Company will acquire the CALP Loan Portfolio in exchange for newly issued shares of the Company's common stock with a net asset value equal to the value of the CALP Loan Portfolio, each determined shortly before closing. The Loan Portfolio Acquisition is consistent with the Company's new, broadened investment strategy, separately announced today.

Silver Spike Investment Corp. Announces Agreement to Acquire Loan Portfolio From Chicago Atlantic

Flora Growth Corp

Tilray Brands

Are you on the hunt for some undervalued cannabis stocks? The government's potential rescheduling of cannabis from Schedule I to Schedule III (or perhaps even descheduling) has been one of the most anticipated catalysts of the cannabis market.

The 3 Most Undervalued Cannabis Stocks to Buy in February 2024

Silver Spike Investment is a BDC focused on direct-lending to the cannabis industry, making it an attractive investment in a growing market. SSIC's financials have not been strong since going public, but they have a pipeline of $448 million in the works and a portfolio of well-known cannabis operators. SSIC stock is currently trading at a discount of roughly 45% to its NAV, making it a compelling investment for those willing to take on the risk.

Silver Spike Investment: Cannabis BDC With Attractive Dividends

NEW YORK, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“Silver Spike” or the “Company”), a specialty finance company that was formed to invest across the cannabis ecosystem through investments primarily in the form of direct loans to privately held cannabis companies, today announced its financial results for the quarter ended September 30, 2023.

Silver Spike Investment Corp. Reports Third Quarter 2023 Financial Results

NEW YORK, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“SSIC” or the “Company”), a specialty finance company that was formed to invest across the cannabis ecosystem through investments primarily in the form of direct loans to privately held cannabis companies, today announced it will report financial results for its third quarter ended September 30, 2023, before market open on Friday, November 10, 2023.

Silver Spike Investment Corp. Announces Third Quarter 2023 Financial Results Conference Call

NEW YORK, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“Silver Spike” or the “Company”), a specialty finance company that was formed to invest across the cannabis ecosystem through investments primarily in the form of direct loans to privately held cannabis companies, today reminded investors that the Company's Board of Directors declared a cash dividend of $0.63 per share, consisting of a regular quarterly dividend of $0.23 per share and a special dividend of $0.40 per share.

Silver Spike Investment Corp. Declares Regular and Special Dividend

NEW YORK, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“Silver Spike” or the “Company”), a specialty finance company that was formed to invest across the cannabis ecosystem through investments primarily in the form of direct loans to privately held cannabis companies, today announced its financial results for the quarter ended June 30, 2023.

Silver Spike Investment Corp. Reports Second Quarter 2023 Financial Results

NEW YORK, July 25, 2023 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“SSIC” or the “Company”), a specialty finance company that was formed to invest across the cannabis ecosystem through investments primarily in the form of direct loans to privately held cannabis companies, today announced it will report financial results for its second quarter ended June 30, 2023, before market open on Friday, August 11, 2023.

Silver Spike Investment Corp. Announces Second Quarter 2023 Financial Results Conference Call

NEW YORK, May 11, 2023 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“Silver Spike” or the “Company”), a specialty finance company that was formed to invest across the cannabis ecosystem through investments primarily in the form of direct loans to privately held cannabis companies, today announced its financial results for the quarter ended March 31, 2023.

Silver Spike Investment Corp. Reports First Quarter 2023 Financial Results

NEW YORK, May 08, 2023 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (NASDAQ: SSIC) (“SSIC”) led and participated in the $35 million initial close of a senior secured credit facility to DreamFields Brands, Inc. (“DreamFields”), a leading multi-state cannabis operator, and one of the fastest growing companies in the cannabis industry, through its Jeeter brand.

Silver Spike Investment Corp. Expands Loan Portfolio with Senior Secured Credit Facility to DreamFields Brands, Inc. (Jeeter)

NEW YORK, May 03, 2023 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“SSIC” or the “Company”), a specialty finance company that was formed to invest across the cannabis ecosystem through investments primarily in the form of direct loans to privately held cannabis companies, today announced it will report financial results for its first quarter ended March 31, 2023, after market close on Thursday, May 11, 2023.

Silver Spike Investment Corp. Announces First Quarter 2023 Financial Results Conference Call

NEW YORK, March 30, 2023 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“Silver Spike” or the “Company”), a specialty finance company that was formed to invest across the cannabis ecosystem through investments primarily in the form of direct loans to privately held cannabis companies, today announced its financial results for the fiscal year ended December 31, 2022.

Silver Spike Investment Corp. Reports Fiscal Year End 2022 Financial Results

NEW YORK, March 08, 2023 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“SSIC” or the “Company”), a specialty finance company that was formed to invest across the cannabis ecosystem through investments in the form of direct loans to, and equity ownership of, privately held cannabis companies, today announced it will report financial results for its fiscal year ended December 31, 2022, pre-market open on Friday, March 31, 2023.

Silver Spike Investment Corp. Announces Fiscal Year End 2022 Financial Results Conference Call

The average of price targets set by Wall Street analysts indicates a potential upside of 31.3% in Silver Spike Investment Corp. (SSIC). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Can Silver Spike Investment Corp. (SSIC) Climb 31.26% to Reach the Level Wall Street Analysts Expect?

NEW YORK, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (NASDAQ: SSIC) (“SSIC”) co-led and participated in the recently announced MariMed Inc. (“MariMed”) $35 million senior secured credit facility. MariMed is a premier seed-to-consumer vertically integrated multi-state cannabis operator.

Silver Spike Investment Corp. Expands Loan Portfolio with Senior Secured Credit Facility to MariMed Inc.

AFC Gamma

Chicago Atlantic Real Estate Finance

This article takes a look at AFC Gamma compared to two close peers which are balance sheet lenders to the cannabis industry. Legalization efforts at the state level continue to progress while federal changes remain stalled. I provide some reflections and commentary here on the state of the market overall.

AFC Gamma Compared To 2 Peers In Cannabis Lending: REFI And SSIC

NEW YORK, Nov. 10, 2022 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“Silver Spike” or the “Company”), a specialty finance company that was formed to invest across the cannabis ecosystem through investments in the form of direct loans to, and equity ownership of, privately held cannabis companies, today announced its financial results for the quarter ended September 30, 2022.

Silver Spike Investment Corp. Reports Second Quarter Fiscal 2023 Financial Results

NEW YORK, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (NASDAQ: SSIC) (“SSIC”), allocated a total of $21 million to the recently announced Verano Holdings Corp. (“Verano”) $350 million senior secured credit facility. Verano is a leading, vertically integrated, multi-state cannabis operator in the U.S., devoted to the ongoing improvement of communal wellness by providing responsible access to regulated cannabis products.

News for Silver Spike Investment Corp Stock (SSIC)