MMJ Group progresses investment strategy during FY20 by extending cannabis portfolioPosted by On

() has maintained its investment strategy in 2020 with company recycling capital raised from the sale of in 2018-2019 into investment opportunities provided by existing and new investees.

Investments included existing investees such as Weed Me Inc and Embark Health Inc while new investees were added in Weed MC Inc, Sequoya Cannabis Ltd and Bespoke A Limited Partnership.

Headquartered in New South Wales, the company has a portfolio of investments across the full range of emerging cannabis-related sectors including healthcare, technology, infrastructure, logistics, processing, cultivation, equipment and retail.

One of the board’s key aims is for the share price to trade at a premium to Net Asset Value, given the potential returns from portfolio companies include investments in private cannabis and hemp businesses that are on a short path to public listing or sale of the business.

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MMJ’s asset manager, Embark Ventures Inc has added considerable value in sourcing new…

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