Mentor Capital, Inc. (OTC Markets: MNTR) is pleased that on election day Mentor’s comments on marijuana investing and the important topic of marijuana legalization are covered by Mark Fidelman in Forbes Magazine. He writes: “Will the federal government’s tacit overlooking of the national cannabis laws continue?” “The process of stepped legalization has started and continuing prospects look promising.” “Two-thirds (2/3) of the analysts love the potential of the marijuana industry since the $50 billion market is already developed, albeit illegal.”
In explaining cannabis investment during this transition to full legalization, Chet Billingsley, CEO of Mentor Capital, Inc. reports, “Marijuana investors repeat the tale of Joe Kennedy in the 1930’s and how he amassed a stock position before the lifting of prohibition and made a fortune from the re-legalization of alcohol. Many public companies [including Mentor Capital] are copying this model. They are positioning to have market share and established market presence when marijuana prohibition lifts.
“This makes the analysis of public marijuana stocks an indirect art rather than a financial science. Like selling picks and shovels to gold miners, there are legitimate investment purposes today in the marijuana industry by those that supply land, extraction equipment, insurance, financial services, software, consulting and the like. The establishment of brand identity, without actually `touching the bud,' as they say, is also key in establishing a footprint in advance of the lifting of marijuana prohibition.
“But, many other companies do little more than attach `canna' to their name and must be suspect,” Mr. Billingsley warns.
The full text of Mark Fidelman’s article in Forbes can be found at: http://www.forbes.com/sites/markfidelman/2014/11/04/why-legalizing-medical-marijuana-will-make-investors-extremely-wealthy/
About Mentor Capital: By acquisition or stock purchase, Mentor Capital, Inc. seeks to invest in leading cannabis companies. Additional important information for investors and founders seeking expansion funding is presented at: www.MentorCapital.com
This press release is neither an offer to sell, nor a solicitation of offers to purchase, securities.
Forward Looking Statements: This press release contains forward-looking statements within the meaning of the federal securities laws, including statements concerning financial projections, financing activities, corporate combinations, product development activities and sales and licensing activities. Such forward-looking statements are not guarantees of future results or performance, are sometimes identified by words of condition such as “should,” “could,” “expects,” “may,” or “intends,” and are subject to a number of risks and uncertainties, known and unknown, that could cause actual results to differ materially from those intended or anticipated. Such risks include, without limitation: nonperformance of investments, partner and portfolio difficulties, potential delays in marketing and sales activities, problems securing the necessary financing to continue operations, problems encountered in commercializing cannabis products, potential of competitive products, services, and technologies, difficulties experienced in product development, difficulties in recruiting knowledgeable personnel and potential problems in protecting intellectual property. Further information concerning these and other risks is included in the Company’s 15c2-11 filing which, along with other very important information about the Company, can be found here: http://mentorcapital.com/disclosures/
The Company undertakes no obligation to update or revise such forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Chet Billingsley, CEO