SOL GLOBAL INVTS CORP - SOLCF STOCK NEWS

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.

SOL Global Investments Corp. announced the acquisition of its portfolio company Bluma Wellness Inc. by Cresco Labs, a leading U.S. cannabis wholesaler. Bluma shareholders received 0.0859 subordinate voting shares of Cresco Labs for each share held, totaling 184,814,281 Bluma Shares exchanged for 15,875,449 Cresco Shares. Following this acquisition, SOL Global’s indirect interest in Cresco shares is 4,145,233. Bluma will apply to cease being a reporting issuer, indicating a significant shift in its operational status within the cannabis industry.

SOL Global Investments has acquired over 10% of the Common Shares of Captor Capital Corp. for a total of $81,219.00, increasing its holdings to approximately 10.22%. Captor operates six retail stores in California through its 51% stake in One Plant California. SOL Global emphasizes its confidence in California's premium cannabis market, backed by its experience with One Plant Florida. The acquisition aims to enhance investment opportunities, while the company reserves the right to adjust its holdings based on market conditions.

SOL Global Investments has announced a $4 million investment in Fyllo as part of its $30 million Series B funding round, co-led by SOL Global and JW Asset Management. This follows an earlier investment of $600,000 by SOL Global. Fyllo, a leader in digital marketing and compliance solutions for heavily regulated industries, has raised nearly $60 million since its inception in 2019. The investment aims to enhance Fyllo's compliance capabilities, particularly in the cannabis sector, as the company navigates the challenges posed by the ongoing COVID-19 pandemic.

SOL Global Investments Corp. has completed a $4 million investment in Fyllo as part of the company's $30 million Series B funding round. This investment reflects SOL's commitment to the cannabis and compliance technology sectors. With this funding, SOL Global now holds approximately 3.5% ownership in Fyllo, a leader in digital marketing and compliance for regulated industries. Fyllo's suite of services is increasingly sought after by mainstream brands targeting cannabis consumers. Despite challenges from COVID-19, SOL Global remains optimistic about its growth and portfolio performance.