Mentor Capital Invests Second Tranche in Electrum Partners
Cannabis CEO Leslie Bocskor Leads “Green Gold” Growth Between Seed and Mezzanine Funding Rounds Provided by Mentor
SAN DIEGO--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCQB: MNTR) is pleased to announce it has again provided $100,000 in special project financing for cannabis advisory leader Electrum Partners, LLC. “Since our first $100,000 round of Electrum funding in March 2014, the Mentor team has gained great confidence in the business model developed by Leslie Bocskor, who now sits on the board of directors of GB Sciences (OTCQB:GBLX) and Grow Solutions Holdings (OTCQB:GRSO),” affirms Mentor Capital CEO, Chet Billingsley. “Electrum now also holds interests in Signal Bay (OTCQB:SGBY), Indoor Harvest (OTCQB:INQD), with options in MassRoots (OTCQB:MSRT), Attis Trading, Infinite Message, and Island Breeze, plus advisory relationships with Kush Bottles (OTCQB:KSHB) and other cannabis leaders. Mentor’s initial 5% convertible debt position has been nicely rewarded by these great advances by Electrum which made the request for a second $100,000 an easy one for us to say yes to.”
Electrum’s founder is similarly positive, “Based on past successes over nearly a decade of working with Chet Billingsley and Mentor Capital, I am excited to build additional enterprise value in our future endeavors together.” Bocskor explains this fit, “Billingsley’s finance strategies for larger businesses in the legal cannabis industry create a path for liquidity and access to the capital markets for both investors and founders. We have confidence that Mentor’s strategy to efficiently bring together the capital markets and cannabis industry leaders is critical to funding the newly emerging major growth we now see in this sector.”
Mentor CEO Billingsley adds, “We refer to the larger medical marijuana and cannabis companies that we are helping to efficiently move into the public market as core holdings and segregate these into a major pure play pool. We at Mentor certainly see Electrum Partners as a great pending candidate for us to work with in this regard.”
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, in collecting judgments and in protecting intellectual property. Further information concerning these and other risks is included in the Company’s Form 10-K and 10-Q filings which, along with other very important information about the Company, can be found here:
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.
Mentor Capital, Inc.
Chet Billingsley, CEO
(760) 788 - 4700
Source: Mentor Capital, Inc.
Released April 28, 2017