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.
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: