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MMJ Group Holdings Ltd

MMJ Group reveals NTA nearly double that of market cap

MMJ is a global cannabis investment company with a portfolio of listed and unlisted holdings.

hedge in a pot plant trimmed into the shape of an upwards arrow
The company is well-funded with $25 million in cash

MMJ Group Holdings Ltd (ASX:MMJ) has calculated its unaudited net tangible assets (NTA) as 40.01 cents post-tax as at April 30, 2019.

The NTA of a company is used as a valuation metric and with MMJ shares trading on the ASX at 23.5 cents, the share price represents a 70% discount to MMJ’s NTA.

At the beginning of the year, MMJ’s post-tax NTA was calculated at 22.35 cents illustrating the growth in NTA to date in 2019.

READ: MMJ Group Holdings targets news flow with portfolio-market capitalisation appreciation plan

Last week, the company confirmed it is working to reduce the gap between the share price and its net asset value.

MMJ went onto say that it believes it offers a compelling investment opportunity in the cannabis sector.

The company also noted it is well-funded with $25 million in cash.

MMJ’s investment portfolio at 7 May 2019

Quick facts: MMJ Group Holdings Ltd

Price: $0.24

Market: ASX
Market Cap: $55.24 m
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