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.

Kush Bottles To Open New Facility In Las Vegas

CALIFORNIA:  Kush Bottles, a leading provider of packaging, suppliesvaporizershydrocarbon gasessolventsaccessories and branding solutions for the regulated cannabis industry, today announced it has signed a lease for a new warehouse facility in Las Vegas to meet demand from the consumer market as well as support the current and new businesses entering the industry or expanding operations.

kush bottles

With the 13,000 square foot facility, expected to be operational mid-June, Kush Bottles expects to minimize the time taken to receive and distribute packaging and supplies, streamline its logistics and access more storage space for high-demand products with rapid turnover times, such as exit bags, cartridges, and pre-roll tubes. By opening its first local distribution facility in Las Vegas, the Company aims to become a stronger partner to some of the most advanced cannabis cultivation and retail facilities in the industry, which are located in Nevada. This warehouse will complement the existing Kush Bottles hazmat facility used today to service the Las Vegas and greater Nevada market with a variety of hydrocarbons, which businesses use to turn cannabis plants into oils.

“The new Las Vegas facility will further solidify Kush Bottles’ commitment to the city’s thriving, local cannabis community and strengthen our own mission to be the go-to partner for cannabis companies as they scale their operations,” said Kush Bottles CEO Nick Kovacevich. “The fluctuating demand from the tourism and organic growth in the cannabis market means that a lot of our partners are having a difficult time forecasting their packaging and supply needs. By having a local facility, we give our clients the added flexibility of faster delivery as well as offering on-site pick up if that’s what their business dictates.”

Cannabis PE Firm Merida Capital Partners Exceeds $50 Million In Assets Under Management

NEW YORK:  Merida Capital Partners, a private equity fund targeting fundamental growth drivers underpinning the rapid development of the cannabis industry, announced it has crossed $50MM in assets under management and closed transactions in nine companies in its second Fund. With the full deployment of Merida’s first tranche of Fund II and the opening of the firm’s second investment tranche, Merida Fund II will continue its focus on high-conviction investments in leading companies that have crossed the ‘fragmentation gap’ yet need strategic capital to profoundly accelerate their respective growth curves. Merida will also focus on businesses implementing capex-lite models in the traditionally capital-intensive verticals of cultivation, dispensing, and life sciences.

“Merida continues to see an acceleration of institutional interest in our core strategy,” said Mitch Baruchowitz, Managing Partner of Merida Capital Partners. “As cannabis evolves as an agricultural product, a natural plant-based medicine, a constituent in medical-grade formulations, and an adult-use consumer product, Merida will capitalize on its data, informational edge, and deep relationships in the cannabis space to make high-impact investments that deliver value to investors.”

“People always talk about taking the ‘right money’ or ‘smart money,’ and Merida has proven to be the epitome of a true value-add investor in the cannabis space,” said CEO of Kush Bottles Nick Kovacevich. “From the first day we accepted their funds they have been involved in directly impacting our strategy and growth at Kush Bottles.”

“Merida has supported us in every way,” Marion Mariathiasan of Simplifya. “The firm has given us the resources we needed to broaden our footprint in providing cultivation and dispensary compliance, which ultimately leads to a more stable cannabis industry ecosystem.”

To date, Merida has closed lead investments in: Kush Bottles, a leading supplier of cannabis packaging and production logistics; GrowGeneration, an industry leader in commercial equipment sales and large-scale grow support with hydroponic supply locations in CA, CO, MI, RI, NV and WA; New Frontier Data, an independent, technology-driven analytics company specializing in vetted data, actionable business intelligence and risk management solutions for investors and participants in the cannabis industry; Simplifya, a technology company helping businesses of all sizes track cannabis compliance through industry-leading self-audit and reporting tools; Steep Hill Labs, an analytical testing company for licensed cultivators, producers, and manufacturers of cannabis; Canndescent, a California-based cultivator of ultra-premium cannabis; Valley Agriceuticals, one of only 10 New York-state licensed cannabis cultivators and manufacturer of medical-grade medicinal cannabis treatments and herbal medicines; Mainstem, a business-to-business (B2B) solution that consolidates cultivators, manufacturers, retailers and dispensaries into one comprehensive marketplace, connecting buyers directly to sellers via a MainStem Affiliate Partners program; and Emerald Scientific, a B2B leader in cannabis science supplies, equipment, and information.

Kush Bottles Announces Senior Leadership Changes

Ben Wu steps down as Chief Operating Officer; CFO Jim McCormick adds COO to role

CALIFORNIA: Kush Bottles, a leading provider of packaging, supplies, vaporizers, accessories and branding solutions for the regulated cannabis industry, announced today that Ben Wu, who has served as Chief Operating Officer since 2014, will step down effective today, January 12th, 2018.  Mr. Wu will continue to support the Company as an independent consultant for a minimum of six months focusing his efforts towards ongoing projects. As a result, Mr. Jim McCormick will assume the role of Chief Operating Officer in addition to continuing to serve in his current capacity as Chief Financial Officer.

“I would like to thank Ben for all his contributions to Kush Bottles, which have helped to grow the Company into the cannabis industry’s leading supplier of packaging, supplies and other ancillary products, and I wish him all the best for the future,” commented Nicholas Kovacevich, Chief Executive Officer of Kush Bottles. “Jim is more than qualified to take over the COO responsibilities having previously been general manager leading multi-market operations in the tobacco industry.  He has made a significant positive impact on the organization during his short tenure with the Company leveraging his experience and business acumen.  As we enter 2018, we look forward to leveraging this platform and continuing to build shareholder value.”

Jim McCormick, Chief Financial Officer and Chief Operating Officer, commented, “Since joining Kush Bottles last year, I have been extremely impressed with the professionalism and efficiency with which the Company is run. Kush Bottles has invested significantly in facilities, technology, and systems to support its development, and is implementing a multi-faceted growth strategy to drive sales and build value for shareholders through a combination of organic growth and M&A activity. I remain excited about the significant growth opportunities ahead of us at this exciting stage of the Company’s development.”

 

Marijuana Boom Spawns Ancillary Businesses

CALIFORNIA:  Ben Wu took a six-figure pay cut when he left a career in private equity for a shot at the marijuana boom.

Trained to spot small businesses with big potential, he started this year as chief executive of Kush Bottles, a Santa Ana company that sells child-resistant plastic cannabis containers.

It took some persuading to get his parents and girlfriend to embrace the move. But Wu insists it was a sound business decision. As the pot industry blossoms, he reasoned, a robust supply chain is needed to help grow, package and market legal marijuana.

“The sky’s the limit,” said Wu, 35, a New York University business school graduate and former vice president at Wedbush Capital Partners. “As long as states continue to adopt, we’re going to double growth each and every year.”

 

 

Kush Bottles Claims "Official Bottle" Of Fast-Growing Marijuana Industry

CALIFORNIA: Kush Bottles, the nation’s largest wholesale distributor of pharmaceutical grade containers for the natural health and medical marijuana industry, announced today that they have sold over 12 million bottles and containers in the legal and medical marijuana industry.

“We are like the McDonald’s of the marijuana industry,” said Nicholas Kovacevich, COO of Kush Bottles. “Each month we keep adding up the number of bottles sold, and we continue to break sales records,” he added. “I believe it is our commitment to quality and our exclusive top grade, made-in-America products; our fabulous customer service and in-house dedicated support teams; and our value-based pricing that keeps existing customers coming back and new customers contacting us everyday.” [Read more…]

Kush Bottles Working With California Legislators To Help Craft Child-Safe Marijuana Packaging

CALIFORNIA: Kush Bottles, the nation’s largest wholesale distributor of pharmaceutical grade containers for the natural health and medical marijuana industry, announced today that they have formed an Executive Committee to work with legislators, regulators and lawmakers in states where medical and recreational marijuana is legal. [Read more…]

Kush Bottles Working With California Legislators To Help Craft Child-Safe Marijuana Packaging

CALIFORNIA: Kush Bottles, the nation’s largest wholesale distributor of pharmaceutical grade containers for the natural health and medical marijuana industry, announced today that they have formed an Executive Committee to work with legislators, regulators and lawmakers in states where medical and recreational marijuana is legal. [Read more…]