NEWPORT BEACH, Calif., Oct. 6, 2015 /PRNewswire/ -- MJIC Inc., a private holding company focused exclusively on the legal cannabis industry, today announced its investment in Willie's Reserve, the premier cannabis brand from country music legend Willie Nelson. Through this investment, MJIC has become a limited partner in Willie's Reserve, joining lead investor Tuatara Capital, an alternative investment manager for companies in the legal cannabis industry.
"We are pleased to welcome MJIC in their support of the Willie's Reserve suite of products," said Rob Hunt, Partner at Tuatara Capital. "Their principles are firmly entrenched in the legal cannabis industry and their participation further validates the interest in this dynamic brand and business."
For more information on MJIC, visit www.mjic.com.
Since its inception, MJIC has helped investors navigate the emerging cannabis industry and remains committed to seeking out companies like Willie's Reserve that show a dedication to providing superior products. "We are pleased to invest in what is sure to be a premium national brand," said Frank Marino, CEO of MJIC. "We are confident that customers will benefit from consistent, reliable, high quality cannabis. Willie's Reserve is the best of breed, and we're proud to be a part of it. We conducted extensive due diligence into the company and its team and concluded that this is a management group and national brand that we have complete confidence in supporting. We consider ourselves fortunate to have been included in this financing led by our friends and respected colleagues from Tuatara, who conducted due diligence for many months before committing to lead the financing. We trust that Willies Reserve, along with our other holdings, will go a long way toward driving value in our public offering in 2016."
"We're glad to have MJIC as part of the Willie's Reserve family," said Andrew Davison, CEO of Willie's Reserve. "Their growing network of investors and businesses is a demonstration of the potential we all see for the future of the cannabis category."
Investors interested in Willie's Reserve should contact MJIC for investment opportunities.
About Willie's Reserve
Willie's Reserve is Willie Nelson's soon to launch cannabis brand, reflecting his longstanding experience and his commitment to regulated, natural and high quality cannabis.
About MJIC Inc.
MJIC is a private holding company dedicated to the emerging cannabis industry. Our mission is to create opportunities for investors to join this frontier market in a way that responsibly manages risk and reward. MJIC seeks to position its shareholders to earn significant returns as cannabis matures into a legal and regulated industry.
Safe Harbor Statement
This news release contains statements that involve expectations, plans or intentions (such as those relating to future business or financial results, new features or services, or management strategies) and other factors discussed from time to time in the Company's Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should," "expect," "anticipate," "believe," "estimate," "intend," "plan" and other similar expressions. Our actual results, such as the Company's ability to finance, complete and consolidate acquisition of IP, assets and operating companies, could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company such as a result of various factors, including future economic, competitive, regulatory, and market conditions. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
John R. Downs
SOURCE MJIC Inc.