Mentor Capital Provides Seed Finance for Nevada Cannabis Fund
June 03 2014 - 08:54AM
Business Wire
Start-up Cash for Marijuana Focused Fund Provided through
Mentor Subsidiary, Nevada Cannabis Ventures
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.
Mentor Capital, Inc.Chet Billingsley, CEO760-788-4700
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