FinCanna Capital (CSE: CALI) (OTCQB: FNNZF), a royalty
company for the U.S. licensed medical cannabis industry, this morning issued a
letter to its shareholders which includes a summary of the year so far and
details of the company’s plans for the remainder of 2018. “As you may expect we
have a bullish outlook on the industry. We’ve seen very high valuations in
publicly listed Canadian cannabis companies and believe the U.S. market is in
its infancy with the big gains still to come,” FinCanna Capital president and
CEO Andriyko Herchak stated in the news release. “Our share price performance
to date has been disappointing and in our view does not reflect the tremendous
value being created in our royalty portfolio. We currently have three
investments that we believe will begin producing a rewarding royalty income
stream for FinCanna beginning in 2019. As this multi-stream income flow comes
on line, we anticipate it will generate positive cashflows that will continue
to grow as our investees grow. This positive cash flow would also support the
expansion of our royalty portfolio. The blueprint has been established and we
believe we are well positioned for price appreciation as our investee companies
continue to mature.”
To view the full press release, visit http://ibn.fm/pyuoK
About FinCanna Capital Corp.
FinCanna provides financing to top-tier companies in the
licensed medical cannabis industry in exchange for a royalty on revenues.
FinCanna, led by a team of finance and industry experts, is building its
diversified portfolio of royalty investments in scalable, best-in-class
projects and companies in U.S. legal states, with a focus on California. For
additional information visit www.FinCannaCapital.com
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