The company's investment strategy is focused on opportunities in new businesses in the global cannabis market.
() (OTCMKTS:MMJJF) believes that the current market and industry sentiment surrounding cannabis companies create investment opportunities in Canada and other countries at attractive valuations and prices.
In its annual report, the company was particularly upbeat about opportunities to invest in listed and unlisted cannabis businesses in Canada and it was well-placed to do so.
Chairman Peter Wall said that FY20 had seen the company implement its investment strategy to recycle capital raised from the sale of in 2018/19 into investment opportunities provided by existing and new investees.
He said: “Significant new investments included existing investees Weed Me Inc and Embark Health Inc, whilst we also added new investees in , Sequoya Cannabis Limited and Bespoke A Limited Partnership.