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MMJ Group Holdings Ltd (MMJJF) Harvest One Update
Perth, Australia (ABN Newswire) - MMJ Group Holdings Limited (ASX:MMJ) (FRA:2P9) (OTCMKTS:MMJ...
About this update from Delivra Health Brands Inc
[{"type":"text","content":"MMJ Group Holdings Ltd (MMJJF) Harvest One Update\nPerth, Australia (ABN Newswire) - MMJ Group Holdings Limited (ASX:MMJ) (FRA:2P9) (OTCMKTS:MMJJF) (\"MMJ\") is pleased to provide the following link to a recently recorded conference call in respect of the 2018 highlights and 2019 strategic priorities for Harvest One Cannabis Inc. (CVE:HVT) (\"Harvest One\"): MMJ owns 55,557,994 shares in Harvest One for a 30.5% shareholding. For ease of reference by MMJ's shareholders, MMJ provides a summary/extract of the key comments and answers to questions from the call participants (excluding MMJ) provided by Grant Froese, Harvest One's CEO, in respect of the 2019 outlook and other topics as follows: 2019 outlook - \"Although cultivation will remain a pivotal part of our strategy, Harvest One will focus on creating derivative value-added products such as oils, vape pens, creams, beverages and more.\" - \"We're aiming to be cash flow neutral in 2019.\" - \"We're rolling out Satipharm's reformulated Gelpell across the UK, the EU and beyond to North America as well.\" \n- \"We're bringing a CBD version of Dream Water to the market, in Canada when regulations allow and the U.S. as soon as formulations are made. We're increasing Dream Water distribution across North America and beyond. And I'm happy to say that the team has just secured product listing across North America's largest retailer, which is Walmart.\" - \"We're continuing deals that secure additional supply to further our product development, strategy and our goal of being a global House of Brands.\" M&A Question: Considering your current market cap and enterprise value, have you been approached by any of the big players to be acquired? Answer: \"So, the answer to that is, yes. Considering the assets we have, including our cash position, at these prices, we're certainly an acquisition target. However, both senior management and our Board are focused on building the successful company. We're focused primarily on execution, and that's our objective. Its' really not -- it's not about being acquired or acquiring. Also, considering this industry is in the stage of high growth, everyone is entertaining discussions on both mergers and acquisitions on a regular basis. It just comes with the territory. Our job is to ensure we only consider transactions that create the most value for our sh...