: MMJ PhytoTech Ltd too list onTSX-V via RTO
Zitat:"Perth, Australia (ABN Newswire) - MMJ PhytoTech Ltd (ASX:MMJ) ("MMJ" or "the Company") is pleased to advise that it is set to unlock significant value for shareholders through the spin out of its core cannabis subsidiaries, United Greeneries Holdings Ltd ("UG" or "United Greeneries") and Satipharm AG ("Satipharm"), on the TSX-V.
- Strategic spin out of Canadian subsidiary United Greeneries and Swiss subsidiary Satipharm by way of a reverse takeover of the TSX-V listed entity Top Strike Resources (TSX-V; TSR)
- TSX-V listing of core cannabis subsidiaries will provide MMJ shareholders with exposure to rapidly expanding Canadian cannabis market
- Top Strike to pay C$2.5M in cash and C$37.5M in shares to MMJ
- MMJ management to be responsible for operations of the resulting TSX-V listed company
- Direct market comparisons to Canadian peer companies expected to unlock significant near-term shareholder value
- Top Strike to become a large-scale cannabis producer targeting supply to the Canadian medical and recreational market, which is estimated to be an C$8b market by 2024
- Black Spruce Merchant Capital to act as lead manager for the transaction providing extensive relationships into Canadian capital markets
MMJ has signed a binding Term Sheet with TSX-V listed company Top Strike Resources Limited (TSX-V: TSR) ("Top Strike"), for Top Strike to acquire 100% of the issued shares of UG and Satipharm respectively.
The transaction, which remains subject to a number of conditions, including shareholder approval, provides MMJ shareholders with exposure to the rapidly growing recreational and medical cannabis markets in Canada. Post spin out, MMJ shareholders will, through their shareholdings in MMJ, have an indirect ownership in a fully-financed, growth-focused cannabis company with two key operating brands in UG and Satipharm..... " ENDE Zitat
: Investment in Late-Stage ACMPR Applicant Weed Me
Zitat:"MMJ PhytoTech Limited (ASX:MMJ)) MMJ ?is pleased to advise that it has entered into an agreement to strengthen its position inthe Canadian cannabis sector via the proposed subscription of C$2 million in secured convertible debentures (? Debentures?) in Toronto-based Weed Me Inc. ...The Debentures are convertible in to shares and warrants in Weed Me based on a pre - money valuation of C$ 10million. Post transaction, MMJ will have a significantly increased exposure to the burgeoning Canadian cannabis sector,via its 59% holding in Harvest One Cannabis Inc. (TSXV: HVST) and its strategic investment in near-term producer Weed Me. " iENDE Zitat
Hier bist du auch eingestiegen. Arbeite grad mal so die Aktien von Australien durch und so bin ich auf diesen Wert gestoßen. Scheint ja gute Aussichten zu haben bei den Kontakten. Kommt natürlich jetzt passend mit der Exportmöglichkeit. Könnte ein Renner werden. Aber man kann ja auch nicht alles haben. Tschau
MMJ PhytoTech (ASX: MMJ) has made another strategic investment in a Canadian pot company – this time, in Dosecann, which has a 45,000 square foot pharmaceutical production facility in the pipeline.
In addition to the facility, Dosecann plans to obtain licensed dealer status by May to import and export cannabis, as well as gain licensed producer status to take advantage of the incoming recreation use laws in July this year.
Under the agreement, MMJ will purchase C$2.5 million worth of secured convertible debenture units in Dosecann. The debentures are convertible into shares and warrants in Dosecann and have a pre-money valuation of C$11.5 million.
“We are very pleased to be presenting this latest investment opportunity, as we believe Dosecann’s experienced management team and aggressive expansion plans have the potential to create considerable value for our shareholders in the near-term,” MMJ managing director Andreas Gedeon stated.
Dosecann has scheduled the first stage which comprises 20,000sq ft of the planned 45,000sq ft pharmaceutical production facility for completion in June.
Once the GMP-compliant building has been completed, it will contain a level nine security vault, research and development and extraction lab, as well as filling, packaging and distribution capability including import and export capabilities.
Mr Gedeon said the acquisition was part of MMJ’s strategy to increase its exposure to Canada’s rapidly maturing Canadian cannabis sector.
“We believe this investment in Dosecann, coupled with our existing holding in Harvest One, is a significant step towards achieving this objective,” Mr Gedeon added.
Harvest One Cannabis MMJ’s interest in Harvest One Cannabis (CVE: HVST) equates to more than 53 million shares.
Harvest One has two primary subsidiaries United Greeneries, which has a production facility for growing cannabis for Canada’s medical marijuana sector and Satipharm, which is developing cannabis-based and pharmaceutical-grade products.
Weed Me In late December, MMJ also hooked a stake in another private Canadian pot stock Weed Me after purchasing C$2 million convertible debentures in the company.
Weed Me aims to become a licenced cannabis producer after its completed fitting out its 8,000sq ft growing facility.
According to MMJ, Weed Me has developed unique cultivation techniques to carry out a low cost and robust operation.
Shares in MMJ were sitting at A$0.53 in mid-afternoon trade – up almost 5%
MMJ Group Holdings Ltd (ASX:MMJ) (OTCMKTS:MMJJF) investee Harvest One Cannabis Inc (CVE:HVT) anticipates sales volumes, net revenues and adjusted EBITDA to improve this fiscal year due to a full year of new cannabis 2.0 derivative products sales in Canada, improvements in gross margin and a continued focus on reducing costs.
TORONTO, Oct. 19, 2020 (GLOBE NEWSWIRE) -- WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF) (FSE:4WE) (?WeedMD? or the ?Company?), a federally-licensed producer and distributor of medical-grade cannabis is pleased to announce the appointment of veteran finance executive Lu Cacioppo, FCPA, CA, to its Board of Directors (the ?Board?) and chair of WeedMD?s Audit Committee. Quelle: https://www.globenewswire.com/news-release/2020/...-of-Directors.html