MMJ announces MediPharm Labs has been added to HMMJ

Company News

by Rachael Jones

Cannabis investment company MMJ Group Holdings (ASX:MMJ) is pleased to announce that MediPharm Labs has been added  to the Horizons Marijuana Life Sciences Index ETF.

MMJ owns approximately 4.4 million shares for a 4.5 per cent shareholding and 2.9 million warrants (exercisable at CAD$1.20 per share by October 2020) in MediPharm Labs.

MMJ owns a portfolio of minority investments and aims to invest across the full range of emerging cannabis-related sectors including healthcare, cultivation, equipment and retail.

Shares in MMJ Group Holdings (ASX:MMJ) are trading 2.17 per cent lower at $0.23.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.