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TORONTO, Jan. 18, 2019 /CNW/ – Cannabis Growth Opportunity Corporation (“CGOC“, or the “Company“) (CSE: CGOC), a cannabis focused investment corporation with both public and private cannabis holdings, is pleased to announce the company’s updated net asset value per common share (“NAV“) of $2.77 at the close of business on January 15, 2019. This represents growth of 20% since our Initial Public Offering on January 26, 2018.
CGOC is now approximately 94% percent invested in companies operating in Canada, the U.S., Jamaica and Israel. CGOC’s top ten public investments as of January 15, 2019 (in alphabetical order) are: C21 Investments Corp. (CSE : CXXI), Cannex Capital Holdings Inc. (CSE : CNNX), CannTrust Holdings Inc. (TSX : TRST), Indiva Limited (TSX-V : NDVA), LPF Investment Corp (in the process of going public), Organigram Holdings Inc. (TSX-V : OGI), Sunniva Inc. (CSE : SNN), Valens Groworks Corp. (CSE : VGW), Village Farms Inc. (TSX : VFF), and VIVO Cannabis (TSX-V : VIVO).
Jamie Blundell, President and Chief Operating Officer of CGOC commented, “CGOC realized a gain of 15.4% over last month compared to the North American Marijuana Index, which saw a 14.07% increase. We were very pleased to see the share price trending upwards since the start of this year, and we continue to work diligently on market awareness in order to close the discount gap to the NAV.
“We are pleased with the performance of the portfolio and await the completion of milestone events for a number of our private holdings, which we expect to materialize within the first quarter of this year. We look forward to updating our shareholders with additional information on our webinar this month.”
CGOC will host the January webinar on Wednesday January 23, 2019 at 4:30 pm EST during which company executives will provide a brief update on the business, review CGOC’s performance, and provide an update on both the public and private holdings. Interested webinar attendees can Register Here or by visiting the website at www.cgoc.com.
A recording of the webinar will be available on the Company website on January 24, 2019. Previous webinars can be found there as well.