November 5, 2018 MJ Shareholders
November 5th, 2018
GreenLine BDC Inc. aims to leverage the knowledge and expertise of its principles to launch the first business development company, or BDC, focused primarily on rapidly-growing pre-public companies in the legal cannabis industry. By investing in companies prior to their initial public offering, or IPO, the company captures the difference between private and public company valuations, and returns the profits to shareholders via distributions.
The company’s experienced management team is led by President & CEO Ted Herman, who has been advising companies seeking to go public since 1987. Mr. Herman is joined by CFO John Genesi, who has over 25 years of experience in accounting and finance, and helped take Strategic Financial Companies LLC from a business plan to a company with over 100 employees and $30 million in revenue.
In this article, we will take a look at GreenLine BDC’s existing portfolio companies and why investors may want to consider its stock as soon as its public listing is completed.
CBD & Hemp-Infused Energy Drinks
GreenLine BDC owns an equity stake in Baqua Inc., which operates in the functional beverage market. In addition to its existing line of five grain-based beverages, the company announced the upcoming launch of its hemp-infused energy drink with cannabidiol (CBD). These beverages are distributed both online and in Krogers and other health conscious stores throughout its home state of Kentucky.
Holistic Healthcare Solutions Company
A second GreenLine BDC portfolio company is Greenleaf Industries Inc., a brand development company with a focus on pharmaceutical grade cultivation, extraction and delivery systems of THC and CBD infused products. Greenleaf Industries through its subsidiary, Greenleaf Farms, Inc. sells organic, full-spectrum Colorado CBD oil online. Sourced from hemp grown in southern Colorado, the company was an early mover in the production, manufacture, and distribution of cannabidiol (CBD) products derived from industrial hemp. Industrial hemp oil is legal to sell across all 50 states and the company aims to become a premier brand in the space.
Large-scale CBD Extraction Provider
GreenLine BDC’s equity stake in EMAX86, Inc. provides exposure to the rapidly growing cannabidiol (CBD) market. With an initial focus on industrial hemp, the company plans to build and operate a large commercial scale extraction plant to enable rapid processing of large volumes of hemp and extract large volumes of CBD oil. Most companies use laboratory-scale equipment that cannot produce economically-viable results. EMAX86 seeks to fill that void.
Mobile CBD Extraction Services
Kentucky Mobile Extraction LLC provides GreenLine BDC shareholders with exposure to a unique business model—mobile extraction services. As an approved hemp processor, the company travels to hemp producers to provide extraction services rather than trying to coordinate the logistics of sending, receiving, extracting, and delivering CBD extracts. Currently, the company only operates in its home state of Kentucky, but products can be sold nationwide.
GreenLine BDC Inc. represents a unique opportunity to invest in pre-public cannabis companies and capture the difference in valuation after they go public. With an experienced management team at the helm and four portfolio companies in place, investors may want to keep a close eye on GreenLine as it plans to go public early next year. For more information, visit the company’s website or sign-up for a free IPO alert.
The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: http://www.cannabisfn.com/legal-disclaimer/
About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.
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