Cannabis investors have seen the sector take a pause in recent weeks. However, with explosive growth potential in this sector on multiple fronts, the wait for the next leg higher won’t take long.
As the Stockhouse Community prepares for this next wave in the sector, investors need to decide how and where they want to position themselves. Even with the recent pullback, many of the established names are still sitting with very robust market caps.
With the sector at an early stage and many years of cannabis growth ahead of us, some investors may want to look at some of the new names in the sector – with much more modest caps. One of these new entrants is Matica Enterprises Inc (CSE: MMJ, OTCQB: MQPXF, Forum).
The Company recently acquired a 70% interest in a late-stage ACMPR applicant via an agreement with RoyalMax Biotechnology Canada Inc. The Applicant has completed the security clearance stage and now is well into the review process.
MMJ is commencing construction on a cannabis cultivation facility located in Dorval Quebec. To facilitate this build-out, Matica has launched a new private placement on Stockhouse’s DealRoom.
The Company is seeking to raise $1 million. Under the terms of the deal, units are priced at $0.05 with a generous full purchase warrant included. Each warrant entitles the holder to purchase one additional common share at a price of $0.10. Warrants will be valid for a period of 18 months from the date of closing. Further information can be found here.
With a market cap of just $7 million, investors have the opportunity to enter this late-stage applicant on the ground floor. The full warrant which comes with investing in this private placement simply sweetens the pot.
The Stockhouse DealRoom: it’s where investors to go to buy into some of their favourite companies and sectors, on what are often extremely advantageous terms.
FULL DISCLOSURE: Matica Enterprises Inc. is a paid client of Stockhouse Publishing.