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Quinsam Capital (CSE: QCA) announced that it intends to become a cannabis-focused specialty investor

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The company, a Canada-based merchant bank, has already made a number of investments in the cannabis space in 2016 and 2017, and believes the cannabis sector, and in particular the US cannabis sector, offers the opportunity to generate continuing strong returns.

Additional Information:

Company: Quinsam Capital Corporation
Website: http://www.quinsamcapital.com
Stock Symbol: CSE: QCA
Date Published: Apr 25, 2017
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Quinsam Capital Corporation (CSE:QCA) announced that it intends to become a cannabis-focused specialty investor.

The company, a Canada-based merchant bank, has already made a number of investments in the cannabis space in 2016 and 2017, and believes the cannabis sector, and in particular the US cannabis sector, offers the opportunity to generate continuing strong returns.

Roger Dent, CEO, stated: “In the United States, growth capital is scarce for this high-growth sector. We think that this creates an exciting long-run growth opportunity for Quinsam, Our intent is to bring the same disciplined approach that we have followed since we relaunched Quinsam in 2014 to the cannabis sector. We will continue to tightly control costs and strive to create value for our shareholders."

Although Quinsam does not believe that individual investments are material reportable events, it does announce certain investments once the company is certain that it has finished buying its position.

In addition to announcing its 11th consecutive quarterly dividend today, which indicated a yield of 4.2% based on yesterday’s $0.12 price, it also announced that it had generated strong returns in the cannabis sector from previous investments including Quadron Capital, Nutritional High, and DelShen Therapeutics.

It also reported that a convertible debenture investment in GroBright Corporation is pendng.

Quinsam invests its capital in assets, companies or projects which it believes are undervalued and where it perceives it has a viable plan for unlocking such value.

Its business encompasses a range of activities including acquisitions, advisory services, lending activities and portfolio investments.

The company is trading at $0.13, and with 25.9 million shares outstanding, is capitalized at $3.4 million.

For more information about company, please visit the company’s website www.quinsamcapital.com or contact Roger Dent CEO at 647-993-5475 or email roger@quinsamcapital.com.

I’m Samantha Deutscher for Investmentpitch Media