Mmj Group Holdings Limited (ASX:MMJ)
MMJ Group Holdings Limited is an Australia-based investment company. The principal activity of the Company is to hold minority investments along the cannabis value-chain in Australia, Canada and Europe. It may also invest up to 25% of its total assets in sectors other than cannabis, such as natural resources, healthcare and software services technology. It provides a diversified portfolio focused on investing in private and public companies. Its investment objective is to realize returns on investments in excess of its diversified portfolio over the medium to long term. Its realization of return may be via capital growth, regular income from interest, dividends, fees, or profit from realization on asset sales. Its investment strategy is to target higher growth, higher return investments with the objective of providing a multiple on-invested capital of approximately two to three times over a time horizon of one to two years. Parallax Ventures Inc. is its investment manager.