Mentor Capital CEO Discusses Recent 275% Share Price Increase; Positive Outlook for Marijuana Ballot Initiatives Increases Cannabis Sector 33%
San Diego, CA -- (ReleaseWire) -- 10/07/2016 --Mentor Capital, Inc. (OTCQB:MNTR) reports that in the last three weeks the overall public cannabis market has reflected approximately a 33% gain. This appears from popular professional discussion forums to be driven by the investing public speculation on the increasingly positive outlook for the numerous marijuana related ballot and election driven initiatives or other legal changes that will be decided November 8, 2016. Mentor Capital, Inc. CEO, Chet Billingsley opines, "The Canadian legalization move continues to be positive, and the upcoming state and local initiatives, especially the expected recreational use passage in California, should more than double the size of the regulated cannabis market."
During this same recent three week period Mentor Capital shares have appreciated 275% on volume. The Company reports that as is its normal practice and during this period it has and is conducting no IR campaign nor any ongoing promotion. "There is a mix of already publicly known factors that may aid in understanding the apparent very positive response of Mentor to the forecast growth in the regulated cannabis sector," discloses Company CEO Billingsley. "Of great import is the fact that we have tightly controlled outstanding stock to just 17 Million shares. Across this small share base Mentor was recently awarded in a legal proceeding a net of approximately $1.5 million from Bhang Corporation and will look to collect on same after the October 26, 2016 final award. With the positive resolution of that legal action, Mentor is again free to enter into sponsoring and funding agreements. One such agreement for a Puerto Rican cannabis and hemp company has already been announced by our partner on September 22, 2016."
Mentor Capital, Inc. has financed its cannabis investments through the exercise of already outstanding warrants held amongst its 4,000 public shareholders. This has allowed Mentor to avoid toxic funding and to remain virtually debt free. Under the originating court order a small fraction of these warrants, up to 1% if available, often from the estates of former holders, may be periodically designated on an ongoing basis to inquiring shareholders. Formerly evaluated on a month-to-month schedule, that time period is now randomized to thwart gaming of share prices at month-end.
About Mentor Capital
The Company seeks to come alongside and assist private medical marijuana and cannabis companies and their founders in meeting their liquidity and financial objectives, to add protection for investors and to help incubate private cannabis companies.
Additional important information for investors is presented at: www.MentorCapital.com
This press release is neither an offer to sell, nor a solicitation of offers to purchase, securities.
Forward Looking Statements:
This press release contains forward-looking statements within the meaning of the federal securities laws, including statements concerning financial projections, financing activities, corporate combinations, product development activities and sales and licensing activities. Such forward-looking statements are not guarantees of future results or performance, are sometimes identified by words of condition such as "should," "could," "expects," "may," "intends," "seeks," "looks," "moves," or "plans" and are subject to a number of risks and uncertainties, known and unknown, that could cause actual results to differ materially from those intended or anticipated. Such risks include, without limitation: nonperformance of investments, partner and portfolio difficulties, potential delays in marketing and sales, problems securing the necessary financing to continue operations, problems involving continued illegality of cannabis products, potential of competitive products, services, and technologies, difficulties experienced in product development, in recruiting knowledgeable personnel and in protecting intellectual property. Further information concerning these and other risks is included in the Company's 10K and 10Q filings which, along with other very important information about the Company, can be found at the SEC website and here: http://mentorcapital.com/disclosures/
The Company undertakes no obligation to update or revise such forward-looking statements to reflect new information, events or circumstances occurring after the date of this press release.
For further information contact:
Chet Billingsley, CEO
Mentor Capital, Inc.
Source: Uptick Newswire