SOL GLOBAL INVTS CORP - SOLCF STOCK NEWS

On August 18, 2021, Andrew DeFrancesco, CEO of SOL Global Investments Corp, acquired a total of 630,700 common shares, increasing his ownership stake from 0.97% to approximately 2.18%. The shares were obtained through a market transaction at an average price of CAD$3.5926 and a private transaction at USD$3.30. If all deferred and performance share units held by DeFrancesco are converted, his ownership could rise to 10%. He expressed confidence in SOL's potential, citing temporary weaknesses in the US cannabis sector.

SOL Global Investments Corp. (SOL Global) announces the continuation of its normal course issuer bid (NCIB), having purchased 1,538,800 common shares at an average price of $4.3831 each. The total maximum shares for repurchase is 2,737,805, representing 5% of the outstanding shares. Additionally, the company adds two new board members: Alex Spiro and Kevin Taylor. SOL Global is diversifying its portfolio with significant investments in cannabis, health, and emerging mobility technologies, including Damon Motors and Tevva Motors. Corporate governance is strengthened with new performance share units being issued.

SOL Global Investments Corp. announces the settlement of litigation concerning a CAD $50 million secured non-convertible debenture with 1235 Fund LP. A subsidiary will acquire all rights under the debenture for CAD $120 million, which includes a CAD $68.5 million premium. To finance this, SOL Global secured a CAD $50 million loan at 9% interest for 12 months. CEO Andy DeFrancesco expressed confidence in the company's core holdings despite using a loan for acquisition funding. The settlement has concluded on acceptable terms for both parties involved.

SOL Global Investments Corp. reported significant financial growth for the six months ending May 31, 2021. Net income soared to $272.8 million compared to $4.2 million in the same period in 2020, marking a positive change of $268.6 million. Investment gains also rose sharply to $327.5 million from $27.4 million. The net asset value per share increased to $7.43 from $2.38. The company is diversifying its portfolio into cannabis and other sectors, positioning itself for future growth.

Jones Soda Co (OTCQB: JSDA) has issued a US$2,000,000 unsecured convertible debenture to SOL Global Investments Corp and entered a non-binding term sheet with Pinestar Gold Inc. to expand into cannabis beverages and edibles. The proceeds will be used exclusively for transaction costs and business expansion. The transaction includes a proposed acquisition of Pinestar, with Jones offering 4,000,000 shares and warrants. The deal depends on due diligence, regulatory approvals, and shareholder consent. The potential expansion aligns with Jones' brand identity.

SOL Global Investments has acquired 1,538,800 common shares under its normal course issuer bid (NCIB), which allows for a maximum purchase of 2,737,805 shares. This represents approximately 5% of its outstanding shares. The average purchase price was $4.3831. Currently, there are 53,217,538 shares issued, with 1,199,005 shares remaining to purchase by the end of the NCIB, set to expire on March 31, 2022. CEO Andy DeFrancesco expressed confidence in the company's portfolio companies, highlighting their ongoing share repurchases.

SOL Global Investments Corp. has increased its stake in Captor Capital Corp. to 16.32% following the acquisition of 4,105,263 units. This transaction, valued at $0.95 per unit, was completed on April 30, 2021. Prior to this, SOL held 10.97% of Captor's outstanding shares. The completion of this transaction marks a 5.4% increase in SOL's security holding percentage. SOL Global now also owns approximately 19.55% of Captor on a partially diluted basis. The acquisition underscores SOL's commitment to expanding its investment portfolio in the cannabis sector.

SOL Global Investments Corp. (CSE: SOL, OTCPK: SOLCF) reported impressive financial results for Q1 2021, revealing a net income of $208 million compared to $2.9 million a year prior. Additionally, total investment gains reached $244 million, significantly up from $2.6 million in Q1 2020. The net asset value per share increased to $7.12 from $1.98 year-over-year. The company is enhancing its asset base and exploring new investments, including in the psychedelic sector and green technology, amidst ongoing adaptations to the challenges posed by COVID-19.

SOL Global Investments Corp. (CSE:SOL) announced plans to increase its stake in Captor Capital Corp. (CSE:CPTR) to 15.7% through the acquisition of 4,105,263 units at $0.95 per unit. This investment includes common shares and warrants, elevating its total holding to 18.99% on a partially diluted basis. The move reflects SOL Global's focus on the One Plant brand expansion in California. The transaction will be reported under National Instrument 62-103, with an early warning report to be filed shortly.