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MNTR

Mentor Capital

$0.76

-0.03 (-3.80%)

15:02
10/12/16
10/12
15:02
10/12/16
15:02

Mentor Capital gets 500K first to be registered shares of Green Vision Systems

Mentor Capital announced it has received 500,000 first to be registered common shares of Green Vision Systems and will be supporting their legal cultivation, manufacturing and transportation of medical cannabis products from Green Vision's planned state of the art facility in Puerto Rico, plus associated hemp farming in this tropical setting. The role of Mentor Capital, in the Green Vision Systems Corp. medical marijuana and hemp business is to provide cannabis industry expertise, guidance and consulting. StereoVision, which has long experience in the Puerto Rican business environment, will be providing the early and overall the majority of the financing for the project together with accredited territory and USA residents, according to an earlier StereoVision release. "Mentor Capital is excited to be on the leading edge of the cannabis legalization in Puerto Rico so soon after the signing of that executive order by Gov. Alejandro Garcia Padilla. This Puerto Rican medical marijuana project is particularly attractive to us because of the rapid government approval timeframe, a reciprocity policy supported by medical tourism, and especially because Puerto Rican residents and businesses pay no federal income tax. This obviates the pervasive cannabis industry problem of IRS Rule 280E which prohibits the deduction of normal operating expenses from cannabis enterprises for tax purposes because marijuana is still a Schedule I drug. The preferred Puerto Rican status can reduce the effective tax rate for an otherwise identical medical marijuana company from 80% to 15%," explains Mentor CEO Chet Billingsley. "We look forward to increasing the value of our investment in Green Vision Systems by our consulting efforts and plans for future investment in Puerto Rico cannabis through Green Vision. Additionally, our analysis indicates that because of the quick timeline, Mentor could further increase the value received by its 4,000 shareholders by making a special dividend of the Green Vision shares Mentor receives soon after Green Vision's planned registration of those shares with the SEC."

TODAY'S FREE FLY STORIES

JUNO

Juno Therapeutics

$20.43

0.53 (2.66%)

, KITE

Kite Pharma

$50.76

0.04 (0.08%)

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JUNO

Juno Therapeutics

$20.43

0.53 (2.66%)

KITE

Kite Pharma

$50.76

0.04 (0.08%)

BLUE

bluebird bio

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NVS

Novartis

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0.42 (0.62%)

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BMRN

BioMarin

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-1.12 (-1.34%)

, ESALY

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ESALY

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GWPH

GW Pharmaceuticals

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IART

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MDT

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MNK

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NVTA

Invitae

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SAGE

SAGE Therapeutics

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WTKWY

Wolters Kluwer

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ZGNX

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$13.05

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ZYNE

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0.83 (6.48%)

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WMT

Wal-Mart

$70.88

0.21 (0.30%)

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GMED

Globus Medical

$21.89

0.12 (0.55%)

, TLN

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GMED

Globus Medical

$21.89

0.12 (0.55%)

TLN

Talen Energy

UMBF

UMB Financial

$77.00

-0.43 (-0.56%)

IM

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1.31 (3.49%)

HMST

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JNJ

Johnson & Johnson

$111.96

0.58 (0.52%)

, ALIOF

Actelion

$206.01

15.21 (7.97%)

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JNJ

Johnson & Johnson

$111.96

0.58 (0.52%)

ALIOF

Actelion

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15.21 (7.97%)

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CE

Celanese

$79.10

0.3 (0.38%)

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HMST

HomeStreet

$29.35

-0.2 (-0.68%)

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GMED

Globus Medical

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BGS

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$42.50

0.2 (0.47%)

ZEN

Zendesk

$21.17

0.34 (1.63%)

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ZEN

Zendesk

$21.17

0.34 (1.63%)

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AIXG

Aixtron

$3.97

-0.05 (-1.24%)

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CX

CEMEX

$7.83

0.09 (1.16%)

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SRNE

Sorrento Therapeutics

$5.15

-0.1 (-1.90%)

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MBRX

Moleculin Biotech

$2.63

-0.14 (-5.05%)

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Breaking Syndicate news story on Moleculin Biotech »

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NEOG

Neogen

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-1.46 (-2.32%)

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RRC

Range Resources

$36.36

-0.23 (-0.63%)

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EOG

EOG Resources

$103.74

-1.01 (-0.96%)

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HMST

HomeStreet

$29.35

-0.2 (-0.68%)

, UMBF

UMB Financial

$77.00

-0.43 (-0.56%)

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HMST

HomeStreet

$29.35

-0.2 (-0.68%)

UMBF

UMB Financial

$77.00

-0.43 (-0.56%)

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UMBF

UMB Financial

$77.00

-0.43 (-0.56%)

, IM

Ingram Micro

$38.88

1.31 (3.49%)

17:21
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UMBF

UMB Financial

$77.00

-0.43 (-0.56%)

IM

Ingram Micro

$38.88

1.31 (3.49%)

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GMED

Globus Medical

$21.89

0.12 (0.55%)

, TLN

Talen Energy

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GMED

Globus Medical

$21.89

0.12 (0.55%)

TLN

Talen Energy

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AIXG

Aixtron

$3.97

-0.05 (-1.24%)

17:16
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DB

Deutsche Bank

$15.74

-0.32 (-1.99%)

17:07
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Deutsche Bank to pay $60M settlement over gold price-fixing case, Reuters says »

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  • 10

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ALB

Albemarle

$84.86

-0.79 (-0.92%)

17:07
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