SAN DIEGO--(BUSINESS WIRE)--Mentor Capital, Inc. (OTCQB: MNTR) is pleased to announce it has again provided $100,000 in special project financing for cannabis advisory leader Electrum Partners, LLC. “Since our first $100,000 round of Electrum funding in March 2014, the Mentor team has gained great confidence in the business model developed by Leslie Bocskor, who now sits on the board of directors of GB Sciences (OTCQB:GBLX) and Grow Solutions Holdings (OTCQB:GRSO),” affirms Mentor Capital CEO, Chet Billingsley. “Electrum now also holds interests in Signal Bay (OTCQB:SGBY), Indoor Harvest (OTCQB:INQD), with options in MassRoots (OTCQB:MSRT), Attis Trading, Infinite Message, and Island Breeze, plus advisory relationships with Kush Bottles (OTCQB:KSHB) and other cannabis leaders. Mentor’s initial 5% convertible debt position has been nicely rewarded by these great advances by Electrum which made the request for a second $100,000 an easy one for us to say yes to.”
Electrum’s founder is similarly positive, “Based on past successes over nearly a decade of working with Chet Billingsley and Mentor Capital, I am excited to build additional enterprise value in our future endeavors together.” Bocskor explains this fit, “Billingsley’s finance strategies for larger businesses in the legal cannabis industry create a path for liquidity and access to the capital markets for both investors and founders. We have confidence that Mentor’s strategy to efficiently bring together the capital markets and cannabis industry leaders is critical to funding the newly emerging major growth we now see in this sector.”
Mentor CEO Billingsley adds, “We refer to the larger medical marijuana and cannabis companies that we are helping to efficiently move into the public market as core holdings and segregate these into a major pure play pool. We at Mentor certainly see Electrum Partners as a great pending candidate for us to work with in this regard.”
About Mentor Capital: The Company seeks to come alongside and assist private medical marijuana and cannabis companies and their founders in meeting their liquidity and financial objectives, to add protection for investors and to help incubate private cannabis companies. Additional important information for investors is presented at: www.MentorCapital.com.
This press release is neither an offer to sell, nor a solicitation of offers to purchase, securities.
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