MMJ PhytoTech Ltd (ASX:MMJ) announces the Company's portfolio divestments.
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) 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.
MMJ PhytoTech Limited (ASX:MMJ) notes the recent interview given by Andreas Gedeon, CEO of Harvest One Cannabis Inc. (CVE:HVT), providing a business update including discussion of the recently announced Dream Water acquisition.
MMJ PhytoTech Ltd (ASX:MMJ) provides the Company's latest presentation.
Harvest One to acquire Dream Water MMJ PhytoTech Limited (ASX:MMJ) ("MMJ") is pleased to note the attached press release by Harvest One Cannabis Inc. (CVE:HVT) ("Harvest One") confirming that Harvest One has entered into definitive agreements to acquire Dream Water
MMJ PhytoTech Limited (ASX:MMJ) is pleased to note the attached media release by Weed Me Inc confirming that it has obtained a cultivation licence under the Access to Cannabis for Medical Purposes Regulations from Health Canada.
MMJ PhytoTech Limited (ASX:MMJ) is pleased to note the attached press release by Cannabis Access, the medical cannabis access portal for Australian healthcare professionals, announcing the appointment of Dr Sanjay Nijhawan as Medical Director.
MMJ PhytoTech Limited (ASX:MMJ) is pleased to announce that it has invested CAD$1 million for an approximate 1.6% shareholding (before the future exercise of options, warrants and other convertible securities) in privately held Fire & Flower Inc..
MMJ PhytoTech Limited (ASX:MMJ) is pleased to announce that it has entered into a strategic alliance with Calgary-based Target Capital Inc., trading as CBi2 Capital (CVE:TCI) (CNSX:TCI).
MMJ PhytoTech Limited (ASX:MMJ) provides an operations update for its 100%-owned subsidiary PhytoTech Therapeutics Limited.