Another investment vehicle Chapmans Limited owns 50% of Australian-based MJ Life Sciences, which aims to become leading medicinal cannabis holding and investment company. MJ Life Sciences has a 49.99% stake in Caziwell Inc which owns the US medicinal cannabis brand Aunt Zelda’s. Leading Australian medicinal cannabis figures Harry Karelis, Jason Peterson and Dr Stewart Washer founded MJ Life Sciences with one or all of them having some representation with other pot stocks including Auscann, Zelda, CannPal and CliniCann. According to Chapmans, MJ Life Sciences is on the hunt for further medicinal cannabis assets and plans to list on the ASX sometime this year.
CHP Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held