Further investment in Embark
Perth, Nov 12, 2018 AEST (ABN Newswire) - MMJ Group Holdings Limited (
ASX:MMJ) (2P9:FRA) (MMJJF:OTCMKTS) ("MMJ") is pleased to announce that it has invested CAD$2.5 million of equity into privately-held Embark Health Inc ("Embark"). This increases MMJ's total investment in Embark to CAD$2.65 million for a basic shareholding of circa 10%*.
MMJ's CEO Jason Conroy commented that "We are delighted by the opportunity to make a significant follow-on investment in Embark to support Bruce Dawson-Scully and his experienced management team in developing the quintessential cannabis extraction facility to service Canadian and global medical and recreational markets."
For further information on Embark, please visit:
http://embarkhealthinc.com
About MMJ Group Holdings Ltd
MMJ Group Holdings Ltd (ASX:MMJ) is a global cannabis investment company. MMJ owns a portfolio of minority investments and aims to invest across the full range of emerging cannabis-related sectors including healthcare, technology, infrastructure, logistics, processing, cultivation, equipment and retail. For MMJ's latest investor presentation and news, please visit: https://www.mmjphytotech.com.au/investors/
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