Cannabis Growth Opportunity Corporation Announces NAV of $3.27

Published: June 19, 2019

Cannabis Growth Opportunity Corporation (“CGOC”), a cannabis-focused investment corporation with both public and private cannabis holdings, announces the company’s updated net asset value per common share (“NAV”) of $3.27 at the close of business on June 14, 2019. This represents growth of 41% since our Initial Public Offering on January 26, 2018, or 18% year to date.

CGOC is now approximately 99% percent invested in companies operating in Canada, the U.S., Europe. Jamaica and Israel. CGOC’s top ten public investments as of June 14, 2019 (in alphabetical order) are Jushi Holdings Inc (NEX: JUSH.B), Grassroots Cannabis, (not yet listed), Heritage Cannabis (CSE: CANN), LPF Investment Corp (not yet listed), Nextleaf Solutions Ltd. (CSE: OILS), TerrAscend Corp. (CSE: TER), Planet 13 Holdings Inc (CSE: PLTH), Village Farms International Corp. (TSX: VFF), Vireo Health Inc. (CSE: VREO) and VIVO Cannabis (TSX-V: VIVO).

Jamie Blundell, President and Chief Operating Officer of CGOC commented, “CGOC realized a loss of 4% over last month compared to the North American Marijuana Index, which realized a 16% loss. The loss this month was mainly attributed to the continued overall decline in cannabis markets however, the private portfolio (including the go public event for Jushi Holdings Inc., on June 10), offset the decline of the total portfolio.

“With the share price also declining by approximately 23% over the previous month, the discount to NAV currently sits at 47%. There are a number of catalyst events expected in the coming months which should provide a positive impact for CGOC.”