marijuana stocks news

Mentor Capital Acquires Cannabis Investor Webcast on 4.20

Public Company Incubator Program via Spinoff Starts with Marijuana Business Information Category Leader

Mentor Capital, Inc. (MNTR) reports that it has acquired 100% of Cannabis Investor Webcast as the first member of Mentor Capital’s Public Market Incubator Program. “We are extremely pleased to be backing and mentoring founder Derwin A. Wallace who has the creativity, high energy and investor knowledge required to grow and enter his high margin business into the public company ranks,” says Mentor CEO, Chet Billingsley. “While his business is groomed for public status, he and his original investors may enjoy public market liquidity by being able to sell the Mentor Capital, Inc. acquisition shares received, after a holding period.” The Mentor program allows founders to roll unsold or still retained acquisition shares into any later IPO. At that time, a significant block of the remaining Cannabis Investor Webcast shares may be sent by special dividend into the hands of Mentor Capital’s 4,000 shareholders. This essentially creates a second spinoff public company for them, at cost, with a robust cannabis interested trading base. According to Mentor, the spinoff approach avoids the large expense and especially the 10% to 15% ownership slice extracted from owners and then often dumped in the market when a reverse merger is used by private cannabis companies to become public.

Cannabis Investor Webcast President, Derwin A. Wallace is excited to be working with CEO Billingsley and Mentor Capital. “They have the experience and know-how to help Cannabis Investor Webcast navigate through the emerging high-growth cannabis industry. Having Mentor Capital as a partner gives a cannabis company like ours access to capital, the ability to grow, and the resources to possibly spinoff as a publicly-traded company.”

About Cannabis Investor Webcast: The Cannabis Investor Webcast is a major vehicle for publicly-traded and privately-held cannabis companies to increase their exposure and awareness to investors, analysts, media, and consumers. The growing day-long series of live 45 minute webcast presentations by CEO’s and CFO’s is immediately followed by investor questions in real time. This cost effective trade show alternative provides the cannabis-interested audience with a convenient and inexpensive way to research privately-held and publicly-traded cannabis companies. For more information please visit: www.cannawebcast.com.

About Mentor Capital: The Company seeks to take significant positions in medical marijuana and cannabis companies to provide public market liquidity for founders, protection for investors and to incubate private cannabis companies that have the potential to be spun off as stand-alone public 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.

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,” “intends,” “seeks,” “looks,” “moves,” or “plans” 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, problems securing the necessary financing to continue operations, problems involving continued illegality of cannabis products, potential of competitive products, services, and technologies, difficulties experienced in product development, in recruiting knowledgeable personnel and in protecting intellectual property. Further information concerning these and other risks is included in the Company’s 10-K filing which, along with other very important information about the Company, can be found here:

https://mentorcapital.com/disclosures/

The Company undertakes no obligation to update or revise such forward-looking statements to reflect new information, events or circumstances occurring after the date of this press release.

Contact:
Mentor Capital, Inc.
Chet Billingsley, CEO
(760) 788 – 4700

MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Future Farm Technologies Inc. (FFRMF) Signs Dispensary Lease for High Traffic Puerto Rico Location

Future Farm Signs Dispensary Lease for High Traffic Puerto Rico Location Future…

$SING Confirms Sale of GreenStar Brand, IP to Havana Holdings, Inc.

SinglePoint, Inc. Confirms Sale of GreenStar Brand, IP to Havana Holdings, Inc.…

$CGRW Announces All Pre-Construction Requirements Completed

CannaGrow Holdings Announces All Pre-Construction Requirements Completed for Submission of Building Permit…

$PMCB Receives Orphan Drug Designation

PharmaCyte Biotech Obtains Orphan Drug Designation in Europe for Its Pancreatic Cancer…