MMJ PhytoTech Limited (ASX:MMJ) is pleased to announce the appointment of MMJ's CFO, Jim Hallam, as Joint Company Secretary of MMJ effective immediately.
MMJ PhytoTech Ltd
In October 2017, MMJ PhytoTech Limited (ASX:MMJ) announced its strategy to become an incubator for strategic investments across regulated jurisdictions globally covering the entire cannabis value chain.
Following the successful listing of United Greeneries Holdings Ltd ("United Greeneries") and Satipharm AG ("Satipharm") on the TSX-V through Harvest One Cannabis Inc. (CVE:HVT), MMJ has focused on the identification of a number of independent strategic investment opportunities that have the potential to deliver significant value to the Company's shareholders.
MMJ is actively pursuing early stage opportunities with the ability to deliver significant future revenue and the opportunity to provide dramatic global synergistic value as regulatory frameworks in key international markets continue to evolve. MMJ is targeting the full range of emerging cannabis-related sectors including healthcare products, technology, infrastructure, logistics, processing, cultivation, equipment, R&D, hemp food products and retail.
MMJ currently holds an equity stake of 53,333,333 shares in Harvest One, 100% ownership of Israeli-based R&D division PhytoTech Therapeutics Limited ("PTL") and strategic holdings in e-Sense Lab Limited (ASX:ESE) and private Canadian-based company WeedMe Inc.
MMJ PhytoTech Limited (ASX:MMJ) notes significant progress made overnight with the Canadian Federal Government's Bill C-45 (The Cannabis Act) being approved by the Senate and moving through to the final approval stage of Royal Assent.
MMJ PhytoTech Limited (ASX:MMJ) is pleased to note the attached news release by Harvest One Cannabis Inc. (CVE:HVT) confirming that its wholly-owned subsidiary, United Greeneries, has received a Dealer's License pursuant to the Controlled Drugs and Substances Act under Health Canada.
MMJ PhytoTech Limited (ASX:MMJ) has invested CAD$0.5 million for a 3.6% shareholding in privately-held BevCanna Enterprises Inc..
MMJ PhytoTech Limited (ASX:MMJ) notes progress made overnight with the Canadian Federal Government's Bill C-45, depicted in the link below.
MMJ PhytoTech Limited (ASX:MMJ) has invested CAD$0.7 million for a 12.7% shareholding in privately-held Bien Ventures Ltd. Bien is based in Calgary, Canada and is an intellectual property, branding and licensing company.
MMJ PhytoTech Limited (ASX:MMJ) (FRA:2P9) has invested AUD$0.6 million of seed capital for a 12.6% shareholding in privately-held Martha Jane Medical Limited
MMJ PhytoTech Limited (ASX:MMJ) notes the attached announcement by Harvest One Cannabis Inc. (CVE:HVT) that its wholly owned subsidiary, United Greeneries, has entered into a five-year lease agreement, with three five year renewal options, for a mainland site that will meet all previous announced capacity targets.
MMJ PhytoTech Ltd (ASX:MMJ) announces the Company's portfolio divestments.
MMJ PhytoTech Limited (ASX:MMJ) is pleased to announce that Cannabis Wheaton Income Corp (CVE:CBW) has completed the acquisition of Dosecann Inc.. The Acquisition proposal was announced by MMJ on 5 April 2018.