Press Release: MMJ extends its Harvest One Cannabis investment

Press Release: MMJ extends its Harvest One Cannabis investment

Global cannabis investment company MMJ Group Holdings Limited (ASX:MMJ) today announced that it has extended a loan to Harvest One Cannabis Inc. (TSX-V: HVT). The group has also reported its Net Tangible Assets backing at February 29 as $0.221 per share, for a total NAV of $48 million and a total portfolio including cash of $50 million. As of 29 February, the group’s market capitalisation was $22 million, which has now dropped to just under $20 million given the recent market volatility. MMJ manages a portfolio of investments along the cannabis value-chain. It owns a portfolio of minority investments and aims to invest across the full range of emerging cannabis-related sectors including healthcare, technology, infrastructure, logistics, processing, cultivation, equipment and retail. MMJ is the only listed Australian investment company which offers the opportunity to Australian investors to invest in unlisted and listed cannabis-related businesses in Australia and offshore. The group has a proven track record in acquiring and realising considerable value from its cannabis related investments. Since 2015, MMJ has created a significant number of investment opportunities from its connections in Canada and Australia in the private investment sector and realised exits when it is to the benefit of MMJ and its shareholders: Here’s how MMJ’s investments sit across most of the cannabis and hemp value chain: Harvest One Cannabis MMJ allocate capital to potential market leaders, consolidators and takeover targets. Harvest One Cannabis Inc. (TSX-V: HVT) is one such company that MMJ believes is significantly undervalued given its substantial…

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Source : CANNANNEW REPORT
Link to original : Press Release: MMJ extends its Harvest One Cannabis investment
reposted by Cannabis News World

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