Mentor Capital Reports 2021 Revenues of 26 cents per Share

Mentor Capital Reports 2021 Revenues of 26 cents per Share
CANNANNEW REPORT

Texas Expansion Powers 25% Revenue Growth in 2021 PLANO, Texas–(BUSINESS WIRE)–Mentor Capital, Inc. (OTCQB: MNTR) reported a year-end price of 5 cents per share in its annual 10-K filing for December 31, 2021, with the Securities and Exchange Commission. The Company reports that for the year ended December 31, 2021, Mentor had revenues of 26.3 cents per share or $6,010,438 and gross profit of $1,871,653 with a resulting net loss attributable to Mentor of ($272,848) or (1.2 cents) per share. This is an improvement from the year ended December 31, 2020, in which Mentor had revenues of $4,825,956 and gross profit of $1,526,641, with a resulting net loss attributable to Mentor of ($726,025) or (3.2 cents) per share. The Company is actively divesting its cannabis assets. Certain of these assets are reflected in Mentor preferred shares representing core holdings that reported an annual valuation improvement of 11.6% to $18,082 per preferred share at December 31, 2021, from $16,207 at year-end 2020, which is below the annual average return on the preferred of 17.99% since the initial issuance May 30, 2018. The Company is now opportunistically seeking to invest in energy, medical products, manufacturing, cryptocurrency, real estate, or international projects. Our general business operations are intended to provide public market management and headquarters functions for our independently managed larger investments and majority-owned subsidiaries. The Mentor Capital, Inc. parent company has no non-affiliate debt. The Company maintained a cash balance of $453,939 at December 31, 2021, compared to cash of $506,174 at December 31, 2020. The Company closed the year ended December 31, 2021, with a book value of $2,078,677, down from $2,335,143 at the end of 2020. Mentor Capital, Inc. had approximately 11,232 registered holders of record as of December 31, 2021, with 22,850,947 shares issued. A long-term 300,000 share repurchase…

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Source : Mentor Capital Reports 2021 Revenues of 26 cents per Share

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