Undervalued Lineage Grow to Commence Trading
Quinsam is also pleased to announce that Lineage Grow Company Ltd. will commence trading today on the CSE under the symbol BUDD.
Quinsam invested in Lineage on two occasions. We hold 400,000 shares and 400,000 warrants exercisable at $0.325 acquired at an aggregate cost of $100,000. We also hold a $160,000 debenture convertible at $0.20, 640,000 warrants exercisable at $0.25 and 76,800 shares, with this whole package of securities acquired at an aggregate cost of $160,000.
“We are very pleased to see Lineage commence trading,” said Roger Dent, CEO of Quinsam. “Given the company’s progress and prospects, we are hopeful that this will prove to be a successful investment for us.”
About Quinsam Capital Corporation
Quinsam is a merchant bank based in Canada that is focusing on cannabis-related investments. Our merchant banking business may encompass a range of activities including acquisitions, advisory services, lending activities and portfolio investments. Quinsam invests its capital for its own account in assets, companies or projects which we believe are undervalued and where we see a viable plan for unlocking such value. We do not invest on behalf of any third party and we do not offer investment advice.
Generally, Quinsam does not believe that individual investments are material reportable events. Quinsam chooses to announce certain investments once the company is certain that it has finished buying its position because the Company feels that this information helps Quinsam’s investors understand its investment decision making process. Generally, Quinsam does not announce the sale of investments.