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MMJ Group investees continue to gain traction in cannabis and hemp value chain

The company’s share price bounced back from its 12-month low of 6 cents in March 2020 to 12 cents.

WeedMD Inc - MMJ Group investees continue to gain traction in cannabis and hemp value chain
Canadian investment Embark Health recently started revenue generating operations

MMJ Group Holdings Ltd (ASX MMJ) is creating a diversified portfolio of cannabidiol (CBD) and cannabis investments in cultivation, extraction and consumer products with material investments in Embark Health, Weed Me, WeedMD Inc (CVE:WMD), Sequoya, Volero and Bespoke.

The company has also been actively supporting the operational and financial restructuring plans of its investee Harvest One Cannabis Inc (CVE:HVT).

MMJ’s investment portfolio as at May 31 2020

Promisingly, Harvest One share price made a material recovery from a 12-month low of 6 Canadian cents in March 2020 to 12 cents.

Incidentally, MMJ share price has also bounced back from 6 Australian cents in March 2020 to 12 cents.

WeedMD

One of MMJ’s largest investees, WeedMD Inc is a federally licensed producer of cannabis products for both the medical and adult-use markets in Canada.

The following is an extract from WeedMD’s presentation providing an update on the company’s indoor and outdoor cultivation and extraction operations:

Quick facts: MMJ Group Holdings Ltd

Price: 0.097 AUD

ASX:MMJ
Market: ASX
Market Cap: $22.31 m
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