SOL Global Provides Audited Financials for Year Ended November 2021

SOL Global Provides Audited Financials for Year Ended November 2021
CANNANNEW REPORT

TORONTO–(BUSINESS WIRE)–SOL Global Investments Corp. (“SOL Global” or the “Company“) (CSE: SOL) (OTCPK: SOLCF) (Frankfurt: 9SB) today reported fourth quarter financial results and audited financial results for the year ended November 30, 2021. The Company is also pleased to present a general operational update regarding its assets and investments. All figures in this press release are in Canadian dollars, unless otherwise indicated. Audited Year-End Results For the year-ended November 30, 2021, the Company recorded a positive net income of $159 million vs. year-ended November 30, 2020, income of $98 million. This represents a favourable change of $61 million. Total gain from investments totaled $307 million for the year-ended November 30, 2021, compared to a gain of $139.0 million for the year-ended November 30, 2020. This represents a favourable change of $168 million between periods. The Net Asset Value (“NAV”) per share is equal to $6.29 at November 30, 2021 vs. $3.51 at November 30, 2020. SOL Global achieved realized liquidity events for several of its largest investments, primarily in the cannabis sector, resulting in the Company’s best performance to date. The market confirmed the value of the Company’s holdings and further demonstrated the strength of its private markets investment strategy. Throughout the year, the Company divested a large percentage of cannabis assets while valuations were favourable and re-diversified from cannabis by investing in new thematic trends in line with its diversified growth strategy. The Company’s financial statements for the quarter ended February 28, 2022, will be released on April 30, 2022 Forward looking guidance into the Company’s Q1 results: On December 3, 2021 the Company repurchased for cancellation a total of 7,407,389 of its common shares (“Common Shares”) at a price of $4.05 per Common Share pursuant to its substantial issuer bid, which expired on November 26, 2021, resulting in…

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