Mentor Capital, Inc. (OTC Markets: MNTR) is pleased that on election day
Mentor’s comments on marijuana investing and the important topic of
marijuana legalization are covered by Mark Fidelman in Forbes Magazine.
He writes: “Will the federal government’s tacit overlooking of the
national cannabis laws continue?” “The process of stepped legalization
has started and continuing prospects look promising.” “Two-thirds (2/3)
of the analysts love the potential of the marijuana industry since the
$50 billion market is already developed, albeit illegal.”
In explaining cannabis investment during this transition to full
legalization, Chet
Billingsley, CEO of Mentor Capital, Inc. reports,
“Marijuana investors repeat the tale of Joe Kennedy in the 1930’s and
how he amassed a stock position before the lifting of prohibition and
made a fortune from the re-legalization of alcohol. Many public
companies [including Mentor Capital] are copying this model. They are
positioning to have market share and established market presence when
marijuana prohibition lifts.
“This makes the analysis of public marijuana stocks an indirect art
rather than a financial science. Like selling picks and shovels to gold
miners, there are legitimate investment purposes today in the marijuana
industry by those that supply land, extraction equipment, insurance,
financial services, software, consulting and the like. The establishment
of brand identity, without actually `touching the bud,' as they say, is
also key in establishing a footprint in advance of the lifting of
marijuana prohibition.
“But, many other companies do little more than attach `canna' to their
name and must be suspect,” Mr. Billingsley warns.
The full text of Mark Fidelman’s article in Forbes can be found at: http://www.forbes.com/sites/markfidelman/2014/11/04/why-legalizing-medical-marijuana-will-make-investors-extremely-wealthy/
About Mentor Capital: By acquisition or stock purchase, Mentor
Capital, Inc. seeks to invest in leading cannabis companies. Additional
important information for investors and founders seeking expansion
funding is presented at: www.MentorCapital.com
This press release is neither an offer to sell, nor a solicitation of
offers to purchase, securities.
Forward Looking Statements: This press release contains
forward-looking statements within the meaning of the federal securities
laws, including statements concerning financial projections, financing
activities, corporate combinations, product development activities and
sales and licensing activities. Such forward-looking statements
are not guarantees of future results or performance, are sometimes
identified by words of condition such as “should,” “could,” “expects,”
“may,” or “intends,” and are subject to a number of risks and
uncertainties, known and unknown, that could cause actual results to
differ materially from those intended or anticipated. Such risks
include, without limitation: nonperformance of investments, partner and
portfolio difficulties, potential delays in marketing and sales
activities, problems securing the necessary financing to continue
operations, problems encountered in commercializing cannabis products,
potential of competitive products, services, and technologies,
difficulties experienced in product development, difficulties in
recruiting knowledgeable personnel and potential problems in protecting
intellectual property. Further information concerning these and
other risks is included in the Company’s 15c2-11 filing which, along
with other very important information about the Company, can be found
here: http://mentorcapital.com/disclosures/
The Company undertakes no obligation to update or revise such
forward-looking statements to reflect events or circumstances occurring
after the date of this press release.
Copyright Business Wire 2014