CGOC updates net asset value
Cannabis Growth Opportunity Corporation (CSE: CGOC) announced an updated net asset value (NAV) per common share of $2.85 as at September 15, 2019. This represents growth of 23% since the Initial Public Offering (IPO) on January 26, 2018, and 3% year to date.
CGOC is invested in companies operating in Canada, the US, Europe, Latin America, Jamaica and Israel, with an investment split across the private and public portfolios of 40% and 60% respectively.
I think the 53% discount from Net Asset Value means CGOC represents an attractive way to participate in the long term, above average growth expected from the cannabis industry.