Cannabis-Focused Finance Company Silver Spike Reports Higher Q2 Net Income, Declares Dividend
Silver Spike Investment Corp. (NASDAQ:SSIC), a specialty finance company that has elected to be regulated as a business development company, reported its financial results Thursday for the second quarter of the year. The New York-based company disclosed total investment income of $3.1 million, compared to $2.9 million in the same quarter of 2023.
“While there remains some uncertainty around federal cannabis regulatory reform in the near-term, we have seen positive momentum at the state level, with several meaningful catalysts expected over the coming months,” Scott Gordon, chairman and chief executive officer of the company stated. “Larger scaled cannabis operators and certain cannabis brands have performed well in what remains a generally difficult operating environment for cannabis companies. As expected, we have recently seen an increase in debt capital markets …