Mentor Capital Cannabis Index Up 325% in First Three Weeks of 2014
Jan 22, 2014
OTC Disclosure News Service
San Diego, CA
Mentor Capital, Inc. (OTCMKTS:MNTR) reports that its proprietary Cannabis Index
appreciated 325% during the first three weeks of 2014. The overall positive and
profitable experience for marijuana based businesses and taxing authorities
alike is thought to be a key driver in this sector-wide advance.
Mentor Capital +561%, Greengro
Technologies (OTCMKTS:GRNH) +832%, Cannabis Sativa (OTCMKTS:CBDS) +1240%, and Tranzbyte
Corp (OTCMKTS:ERBB) +2541% led the cannabis sector in gains during the 2014 YTD
The Cannabis Index combined market capitalization was $3.0 Billion which may
be benchmarked against the illegal cannabis market of $50 Billion in the
USA. GW Pharmaceuticals (NASDAQ:GWPH)
$760MM, Medbox (OTCMKTS:MDBX) $554MM, and Cannavest (OTCMKTS:CANV) $528MM
comprise 60.7% of that overall capitalization.
The combined total reported cash held by the twenty-three Cannabis Index
member companies was $65.6 Million. This
did not include short-term investments nor the Mentor Capital approved capital
structure that would generate an additional $140 Million for acquisition and
funding in the medical marijuana and cannabis space.
Mentor Capital, Inc. created the Cannabis Index January 1,
2014 and has or will soon hold an investment or maintain a tracking position in
all companies in the Cannabis Index which can be found at www.MentorCapital.com. Importantly, 90% or more of the proceeds
from the $140 Million in Mentor warrants that are expected to be exercised, are
earmarked for investment in private cannabis and MMJ companies. Because of the predominant private company
investment focus of Mentor Capital, it is itself included in the Cannabis
Forward Looking Statements, Safe Harbor and Risk
Descriptions are Incorporated by Reference from the MNTR Company Web Site
For further information contact:
Chester Billingsley, CEO
Mentor Capital, Inc.
(760) 788 – 4700
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.