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TORONTO, Oct. 16, 2018 (GLOBE NEWSWIRE) -- Quinsam Capital Corporation (CSE:QCA) ("Quinsam" or the "Company") is
pleased to update its investors on recent news relating to liquidity events by its investee companies.
Quinsam congratulates CannAmerica Brands Corp. on its recent listing on the Canadian Securities Exchange.
CannAmerica has an interesting brand licensing model that we think gives the company a lower-than-typical risk profile. The
stock commenced trading yesterday under the symbol CANA. Quinsam invested $495,000 in this company at $0.30 per share.
The shares closed on the first day of trading at $1.02.
Quinsam would also like to congratulate FLRish Inc. on the announcement of a new financing round of securities
convertible at $6.90 per share. We invested US$1.25 million at US$4.10 per share and we are also participating in the latest
financing. FLRish Inc. operates in California under the iconic Harborside name. The company plans to file its listing
statement shortly and is targeting a Q4 listing. We are not sure if there will be time for the regulatory process to clear
this issue by year end. However, when it lists we expect this company to have a very favourable market reception. We continue
to see strong upside potential in our most recent investment at $6.90 per share.
Quinsam continues to look forward to numerous other Q4 liquidity events.
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.
For further information please contact:
Roger Dent, CEO
(647) 993-5475
roger@quinsamcapital.com
This press release may contain forward-looking statements relating to anticipated future events, results,
circumstances, performance or expectations that are not historical facts but instead represent our beliefs regarding future events,
which are inherently uncertain. Forward-looking statements can often, but not always, be identified by forward-looking words such
as “anticipate”, “believe”, “continue”, “expect”, “goal”, “plan”, “intend”, “estimate”, “may”, “project”, “predict”, “potential”,
“target”, and “will” or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions,
intentions or statements about future events or performance.
By their nature, forward-looking statements require us to make assumptions which include, among other things,
that (i) Quinsam will have sufficient capital under management to effect its business strategies, (ii) the business strategies will
produce the results intended by Quinsam, and (iii) the markets will react and perform in a manner consistent with the business
strategies.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause
actual results or events to differ materially from those anticipated in such forward-looking information. The Company believes that
the expectations reflected in the forward-looking information are reasonable but no assurance can be given that these expectations
will prove to be correct. Some of the risks and other factors that could cause actual results to differ materially from those
expressed in forward-looking information expressed in this press release include, but are not limited to: cannabis companies
Quinsam has invested in obtaining and maintaining regulatory approvals including acquiring and renewing U.S. state, local or other
licenses, and the uncertainty of existing protection from U.S. federal or other prosecution; regulatory or political change such as
changes in applicable laws and regulations, including U.S. state-law legalization; market and general economic conditions of the
cannabis sector or otherwise, interest rates, regulatory and statutory developments, the nature of the Company’s investments, the
available opportunities and competition for investments, the concentration of the Company’s investments in certain industries
and sectors, reliance on key personnel, risks affecting the Company’s investments, management of the growth of the Company, and
exchange rate fluctuations. Readers are cautioned that the foregoing list of risks and factors is not exhaustive. Although the
Company has attempted to identify important factors that could cause actual events or results to differ materially from those
described in forward-looking information, there may be other factors that cause events or results to differ from those intended,
anticipated or estimated.
The forward-looking information contained herein is provided as at the date of this press release, based upon
the opinions and estimates of management and information available to management as at the date of this press release. The Company
does not undertake and specifically disclaims any intention or obligation to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise, unless required by applicable law. Readers are cautioned not to
place undue reliance on forward-looking information contained in this press release.
