Quinsam Updates Shareholders on Recent Cannabis Investments
Quinsam Capital Corporation (CSE:QCA) issued an update on a variety of new investments the company has made to shareholders.
As quoted in the press release:
Roger Dent, CEO of Quinsam said “We continue to deploy the funds from our recent new issues. This group of investments includes some transactions that we expect to have a very high profile as time goes on.”
US$1.25 Million Invested in FLRish
Quinsam invested US$1.25 million in Oakland-based FLRish as part of a US$6.5 million Series A financing that also included Cresco Capital Partners and Murray Field & Co. FLRish is regarded by many as a pioneer in the California cannabis market. It manages the two Harborside retail dispensaries and brands, and as well has a large cannabis cultivation facility. The dispensaries are located in Oakland and San Jose. The new capital will be used to continue building out the firm’s cultivation facility, expand its retail platforms and for corporate development purposes.
US$992,000 Invested in Acreage Holdings
We invested US$992,000 in Acreage Holdings, which has perhaps the largest collection of licenses that exists in the United States. Acreage recently attracted attention when it announced that John Boehner, former Speaker of the House, and Bill Weld, former Massachusetts Governor, would be joining its board of advisors. We expect Acreage to pursue a public listing in 2018.
The post Quinsam Updates Shareholders on Recent Cannabis Investments appeared first on Investing News Network.