Mentor Capital Adds Three Cannabis Investments in Two Months

CALIFORNIA: Mentor Capital announced that its investment in G FarmaLabs Limited has increased to $2,700,000 following yesterday’s seventh investment tranche delivered to G Farma of $250,000 from Mentor for additional leased equipment and working capital. In addition to receiving consulting fees, repayment, interest, and lease payments, Mentor has captured a $1 option for a 3.75% equity interest in the G Farma Family of Businesses. Nicole Gonzalez, Founder of G FarmaBrands, comments, “With financial backing from Mentor Capital, G FarmaLabs has hit its benchmarks on the way to building cannabis efficient facilities and production lines.” Ata Gonzalez, Co-Founder of G FarmaLabs concludes, “Chet provides both money and a wealth of knowledge. We feel blessed to have this strategic relationship.”

“Mentor Capital focuses new investment from shareholders and other investors on larger cannabis companies, like G Farma, that have the potential to go public and who may be incubated by Mentor along that path,” explained Mentor Capital, Inc. CEO, Chet Billingsley. “We look to act as a holding company of operating entities, not an investment company, and have no plans to buy cannabis shares from the public market at normal market prices. However, on 24-hour notice and hence at a significant discount, Mentor will buy public shares from marijuana-related consultants, institutions, or accredited investors that Mentor has known for years.”

The Company reports that in the last two months, Mentor has increased its holding in SolisTek to 300,000 shares by the purchase of an additional 90,000 common shares. Mentor recently has purchased 400,000 shares of GB Sciences, Inc. plus an extra 400,000 of their warrants. Mentor also holds from earlier buying activity approximately a combined $240,000 in shares of GW Pharmaceuticals, Plc. and Kush Bottles, Inc.

High Stakes: How This Marijuana Company Gained Buzz In A Budding Market

CALIFORNIA:  They traveled to California to stake a claim in an even more adventurous business: the burgeoning medical marijuana trade. “I was a step away from being homeless,” recalls Gonzalez, who lived on cheese sandwiches as he waited for his first cannabis harvest at the farm he was renting. “The pressure was intense. My wife gave birth a month before harvest. I don’t know how I didn’t have a heart attack. You hear all these stories that people would come and steal your crops.”

It seemed preposterous. Gonzalez had never grown anything, let alone handled large-scale farming. Yet he had done his homework. For the better part of a year, he made trips to California to learn how to grow cannabis and sell it to dispensaries. He joined a collective and learned how to cultivate, cure and trim the crop.

Despite the challenges, the first harvest of their fledgling company, G FarmaLabs, was a success and found buyers. So Gonzalez decided to expand output by planting at another farm, then another. Then, and only then, did he upgrade his bedroom furniture, preferring to put all earnings back into the company.

Five years after that first grow, Anaheim, Calif.-based G FarmaLabs is one of the leading companies in the cannabis space, with 40 employees including in-house scientists, and has an expanding array of some 50 products, ranging from vape pens to 20 flavors of infused chocolate edibles. Gonzalez has his sights set on a cannabis empire. His Liquid Gold Delights Mint Meltaways were named “Best Edible” at the 2014 Southern California Medical Cannabis Cup, and his Liquid Gold Chocolate Bars won the Kush Cup at the Kush medical marijuana expo in Anaheim. The chocolates are decorated and packaged in sophisticated designs that would rival those of any deluxe confectioner.