Silver Spike Investment announces broadening of investment strategy

Silver Spike Investment 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. While the cannabis sector will continue to be a focus of Silver Spike’s investment efforts, Silver Spike believes that the broadened investment strategy will benefit Silver Spike and its stockholders by enabling Silver Spike to take advantage of investment opportunities outside of the cannabis and health and wellness sectors that offer attractive risk-adjusted returns. The investment strategy change is expected to become effective on or about April 22, 2024.