Mr. David Doherty reports
ROCKSHIELD CAPITAL COMMENTS ON LISTING OF INVESTEE COMPANY FINCANNA (CSE: CALI)
Rockshield Capital Corp.'s private investee company Fincanna has successfully listed on the Canadian Securities Exchange.
Fincanna is a cannabis royalty company focused on California and the United States market. Fincanna is led by a team of finance and industry experts and is building its portfolio of investments in scalable, best-in-class projects. Fincanna's flagship investment is with Cultivation Technologies Inc. (CTI) to provide financing for its fully entitled, large-scale indoor medical cannabis facility to be developed in Coachella, Southern California. This Coachella campus will be a state-of-the-art facility that will include cultivation, extraction, manufacturing, testing and distribution.
Dave Doherty, president and chief executive officer, said: "This is a major development milestone in the lifecycle of any company and provides them with a significant liquidity necessary to attract additional investors and provides greater potential access to capital if required to fund future growth and development. We are pleased to backing such a high-quality team and look forward to see them grow and develop."
Rockshield Capital was an early-stage investor in Fincanna and owns 840,000 shares at 30 cents.
About Rockshield Capital Corp.
Rockshield is an actively managed venture capital fund and merchant bank, focused on small-cap, high-growth companies. Rockshield's management team has been seed financing and investing in early-stage venture companies for over the past 20 years and performs extensive due diligence as it looks to build a portfolio of opportunistic investments with the aim of generating superior long-term returns while managing risks.
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