Mentor Capital Provides Seed Finance for Nevada Cannabis Fund — Start-up Cash for Marijuana Focused Fund Provided through Mentor Subsidiary, Nevada Cannabis Ventures
Jun 04, 2014
OTC Disclosure News Service
San Diego, CA
–
Mentor Capital, Inc. (OTC Markets: MNTR) announced that it
has provided seed funding to help launch an independently managed cannabis
focused fund based in Nevada. The fund
anticipates making marijuana related investments in Nevada and in other
locals.
This seed financing was provided through Nevada Cannabis
Ventures, Inc., a wholly owned subsidiary of Mentor Capital, Inc.. The Nevada
company was formed by Mentor Capital to take advantage of the emerging cannabis
legalization in that state. The
projected environment in Nevada could be especially advantageous for Mentor
Capital?s business because it allows for outside ownership, investment and legal
usage by visitors.
Mentor Capital,
Inc. CEO, Chet Billingsley, highlights, ?Our initial early investment is
$100,000. We like the management team,
who are well known to us.? With regard
to the Mentor Capital subsidiary, he continues, ?Much like with this first
investment, Nevada Cannabis Ventures is well positioned to capitalize on the
new opportunities in Nevada. As we
executed our plan to rotate out of cancer focused investments and become more
completely vested in the cannabis market, opportunities for redeployment of
cash assets into neighboring Nevada marijuana related businesses are and will
continue to be attractive.?
About
Mentor Capital: By acquisition or stock purchase, Mentor Capital, Inc. seeks to
invest in leading cannabis companies. Additional
important information for investors and founders seeking expansion funding is
presented at: www.MentorCapital.com
Forward Looking Statements, Safe Harbor and Risk
Descriptions are Incorporated by Reference from the MNTR Company Web Site
above.
For further information contact:
Chet Billingsley, CEO
Mentor Capital, Inc.
(760) 788 – 4700
Copyright © 2014 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Article source: http://www.otcmarkets.com/stock/MNTR/news?id=82116
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