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 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 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.
MMJ PhytoTech Limited (ASX:MMJ) is pleased to announce that it has rebranded to "MMJ" and relaunched its website.
MMJ PhytoTech Limited (ASX:MMJ) is pleased to announce that it has invested $1 million for a 16.7% ownership stake in Biologics Research Institute Australia Pty Ltd, the owner of Cannabis Access, the leading online portal for medical cannabis access in Australia.
MMJ PhytoTech Limited (ASX:MMJ) notes the attached news release by Harvest One Cannabis Inc. (CVE:HVT) confirming that Harvest One has mandatorily converted its convertible debentures into common stock. As a result, MMJ's current shareholding of 53.33 million common shares in Harvest One represents approximately 34.4% of their total outstanding shares.
MMJ PhytoTech Limited (ASX:MMJ) is pleased to announce that Cannabis Wheaton Income Corp (CVE:CBW) has entered into a definitive acquisition agreement to acquire all of the outstanding securities of Dosecann Inc for an aggregate amount up to CAD$38 million, payable in Cannabis Wheaton common shares.
MMJ PhytoTech Limited (ASX:MMJ) is pleased to announce the appointment of Jim Hallam as Chief Financial Officer of MMJ effective on 3 April 2018.
MMJ PhytoTech Limited (ASX:MMJ) is pleased to announce the appointment of Doug Halley to the board, effective immediately.
MMJ PhytoTech Ltd (ASX:MMJ) provides the Company's latest presentation titled "Canadian Cannabis Opportunity and Regulation".