Q2 Should be Good The trend is upwards here both in terms of cash available to invest and cannabis declining as a contributor to assets and investment gains
We know that in Q2, Quinsam's largest investee, a cannabis operation in Guelph (Med Compassion Cannabis Farms/251 Massey Rd.), completed a major refinancing.
As a result, the company received over $1.5-million in principal, interest and fees from this investee.
This reduced the company's cannabis exposure by approximately 5 per cent and has resulted in the current cash balance growing to over $2-million.
So, perhaps an increase in hard book too..