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ACMPR Licensed Producer, DOJA Cannabis to List on CSE

July 27, 2017

 

Earlier today, DOJA Cannabis, owner of recently licensed LP, Northern Lights Marijuana Company and self-described premier cannabis lifestyle brand announced that the company has received conditional approval to list on the CSE. 

 

Related: Health Canada Approves Two More Licensed Producers

 

DOJA Cannabis is expected to close its previously announced reverse merger transaction with SG Spirit Gold Inc. on or about August 2, 2017. Following the close of the transaction, DOJA will release an update regarding the company's expected first day of trading. They anticipate that the company will be renamed DOJA Cannabis Company Limited and will trade on the CSE under the symbol "DOJA". 

 

About DOJA Cannabis

 

DOJA's wholly-owned subsidiary, Northern Lights Marijuana Company received its license to cultivate pursuant to the ACMPR on June 16th, 2017. Northern Lights Marijuana Company operates a 7,100 square foot facility with three grow rooms (that management estimates are capable of producing 660 kg/yr each). The facility has a level 7 safe with a storage capacity of 650 kg. 

 

Beyond Northern Lights, in August, DOJA will be opening the "DOJA Culture Cafe" in Kelowna, BC. The cafe will serve premium local roasted coffee, sell branded clothing and accessories and serve as a cannabis information center. 

 

On the numbers side of things, DOJA has $4.5 million CAD in cash (as of July 10th, 2017) and 58.8 million shares outstanding. The company has 7.9 million management performance warrants (that vest upon the completion of certain milestones, i.e. obtaining an ACMPR sales amendment), 0.3 million options outstanding (with an exercise price of $0.56 CAD/share) and 14.1 million warrants outstanding (with an exercise price of $0.26 CAD/share). Management of the company holds 33% of the DOJA's shares outstanding. 

 

Learn more about DOJA by checking out their investor presentation embedded below: 

 

1/19

Conclusion

 

Stay tuned for more coverage on DOJA Cannabis on their road towards listing on the Canadian Securities Exchange, as well as news and updates regarding the rest of the Canadian licensed producers

 

So you never miss an important update from one of Canada's 52 licensed producers, be sure to subscribe to our free LP updates email newsletter. Also, visit us on social media via Facebook, Twitter, StockTwits and Instagram.

 

D/M/O

 

Disclaimer
 
Investing in nanocap, microcap, and small cap stocks is highly speculative. The publishers of DailyMarijuanaObserver.com are not registered as Investment Advisors or Broker-Dealers in any jurisdiction whatsoever. The information contained on DailyMarijuanaObserver.com (“this site”) has been prepared solely for informational purposes. Nothing on the site is an offer or solicitation to buy or sell securities. Investors should seek financial advice regarding the appropriateness of investing in any securities mentioned from their financial advisor.

 

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Disclaimer: Except for the historical information and data presented herein, matters discussed in articles on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future performance or achievements expressed or implied by such coverage. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. Smoke Show Ventures, Inc. or its affiliates, which owns The Daily Marijuana Observer, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.dailymarijuanaobserver.com/legal-disclaimer/.