Portfolio Management Update
Including the proceeds of this divestment, MMJ's unaudited corporate cash balance is approximately AUD$5.6 million.
MMJ's CEO Jason Conroy commented that "After being fully-invested since the end of July, we can recommence participation in other exciting global cannabis sector investment opportunities."
MMJ now owns 48.333 million(see Note below) shares in Harvest One for an approximate 28% shareholding.
Note: On completion of the sale of PhytoTech Therapeutics, MMJ will be issued 8,160,161 Harvest One shares.
About MMJ PhytoTech Ltd
MMJ PhytoTech Limited (ASX:MMJ) is a global cannabis investment company. MMJ owns a portfolio of minority investments and aims to invest across the full range of emerging cannabis-related sectors including healthcare, technology, infrastructure, logistics, processing, cultivation, equipment and retail. For MMJ's latest investor presentation and news, please visit: http://www.mmjphytotech.com.au/investors/
MMJ PhytoTech Ltd
Harvest One Cannabis Inc