MMJ Group directors support cannabis strategy through placement participation

MMJ Group Holdings Ltd (ASX:MMJ) directors have supported the companys share purchase plan to fund existing and new cannabis and hemp businesses and operating expenses.

Chairman Peter Wall acquired 37,500 shares at 8 cents per share and directors Winton Willesee and Doug Halley acquired 100,000 and 62,500 shares respectively.

MMJ owns a portfolio of minority investments and aims to invest across the full range of emerging cannabis-related sectors including healthcare, technology, infrastructure, logistics, processing, cultivation, equipment and retail.


The companys investment WeedMD Inc (CVE:WMD) recently expanded its multi-channelled distribution strategy following the acquisition of Starseed Medicinal Inc.

Starseeds exclusive partnership with LiUNA, the largest construction union in Canada, complements WeedMDs direct sales to medical patients.

The company maintains strategic relationships across the seniors market and supply agreements with Shoppers Drug Mart as well as six provincial distribRead More – Source