SAN DIEGO--(BUSINESS WIRE)--Mentor Capital, Inc. (OTC Markets: MNTR) CEO Chet Billingsley will present today on The Cannabis Investor Webcast covering the key factors that led to Mentor Capital’s listing as the #1 ranked Investment / M&A firm in the cannabis sector by Viridian Capital & Research in their just released Cannabis Industry Report. This follows Mentor Capital being reported in Forbes Online as one of “The 8 Hottest Publicly Traded Marijuana Companies.”
Mentor Capital has raised $3.6 Million in fresh capital, has deployed $1.8 Million during 2014, and maintains a healthy cash reserve according to the company’s most recent Form 10. “Being well capitalized and having no non-affiliate debt allows us to avoid needing to issue excessively dilutive shares that are often seen in the cannabis public sector,” reports CEO Billingsley. “We have formalized our reporting, moving up from Pink sheets Limited Information, to the highest tier deemed Current Information. January 19, 2015 our Form 10 becomes effective as we move on into fully reporting status with the SEC.”
The company reports it is also pleased with the performance of its portfolio companies and investments. Today, one of its portfolio company holdings, MicroCannaBiz, LLC announced that it has reached agreements, including joint marketing or co-branding, with two cannabis oriented membership-based organizations. According to MicroCannaBiz Chairman David W. Dube, the Cannabis Chamber of Commerce and the Green Rush Alliance will work with MicroCannaBiz in connection with the company’s recent launch of its core publication, the online National Directory of Cannabis Products and Services covering over 4,500 listed cannabis companies.
“Our next steps for 2015 include completing the probable acquisitions in our pipeline and increasing capital for further acquisition and cannabis related investment from institutions and accredited investors,” forecasts Mr. Billingsley.
Cannabis investors who would like to view the Mentor Capital presentation and attend the free online webcast please click on the link: http://www.cannawebcast.com/ at 9:00 AM Pacific Time today, and visit the Registration Page.
About Mentor Capital: By acquisition or stock purchase, Mentor Capital, Inc. seeks to invest in leading cannabis companies. Additional important information for investors and founders seeking expansion funding is presented at: www.MentorCapital.com.
This press release is neither an offer to sell, nor a solicitation of offers to purchase, securities.
Forward-Looking Statements: This press release contains forward-looking statements within the meaning of the federal securities laws, including statements concerning financial projections, financing activities, corporate combinations, product development activities and sales and licensing activities. Such forward-looking statements are not guarantees of future results or performance, are sometimes identified by words of condition such as “should,” “could,” “expects,” “may,” or “intends,” and are subject to a number of risks and uncertainties, known and unknown, that could cause actual results to differ materially from those intended or anticipated. Such risks include, without limitation: nonperformance of investments, partner and portfolio difficulties, potential delays in marketing and sales activities, problems securing the necessary financing to continue operations, problems encountered in commercializing cannabis products, potential of competitive products, services, and technologies, difficulties experienced in product development, difficulties in recruiting knowledgeable personnel and potential problems in protecting intellectual property. Further information concerning these and other risks is included in the Company’s 15c2-11 filing which, along with other very important information about the Company, can be found here:
The Company undertakes no obligation to update or revise such forward-looking statements to reflect events or circumstances occurring after the date of this press release.