MMJPhytotech
MMJ Investor Update – Live Audio Webinar
MMJ Group Holdings Limited (ASX:MMJ) (“MMJ”), is an Australian-listed company whose core business is holding minority investments across along the cannabis value-chain in Australia, Canada and Europe. MMJ is also able to make investments in sectors outside of cannabis, such as but not limited to, natural resources, pharmaceuticals and software services technology.
MMJ Live Audio Webinar
MMJ is pleased to announce it will be hosting a live audio webinar of the Investor Conference Call on 16 December 2020.
To pre-register for the call, please click here.
Once registered, you will receive a confirmation email message that contains detailed information about joining the event. Access to the audio webcast will open at 8.45 AM AEST on the day and the live stream is scheduled to begin at 9.00 AM AEST.
Investors are encouraged to provide questions in advance to [email protected].
The Investor Conference Call will be conducted via Finance News Network.
In this webinar, Michael Curtis, MMJ Non-Executive Director and Director of Embark Ventures Inc, the asset manager of MMJ’s cannabis investments, will give an update on the following:
- Canadian cannabis demand
- Update on major investments
- 30 November 2020 NTA
Also presenting in this webinar is Shemek Fedyczkowski, CEO of Sequoya Cannabis Inc. (Sequoya), which is one of MMJ’s investee companies, who will give an update on Sequoya. Sequoya has positioned itself to supply volume hemp CBD products to and partner with major consumer packaged goods manufacturers in Europe.
MMJ was a foundation investor in Sequoya – the investment now comprises:
- CAD2.5m convertible note (advanced July 2019) is unsecured (subject to negative pledge) with an interest rate of 8% per annum and a maturity date of 19 July 2021. The convertible note is convertible (at MMJ’s option) into Sequoya ordinary shares at CAD0.05 each.
- CAD2.5m convertible note facility (executed April 2020) drawn to CAD0.6m, has first ranking security bearing interest of 8% per annum and a maturity date of 15 April 2021. The convertible note is convertible (at MMJ’s option) into ordinary shares at CAD0.10 per share.
- 19m ordinary shares (27% shareholding) in Sequoya.