Cannabis Growth Opportunity Corporation Releases Estimated Net Asset Value Per Common Share of $2.44

TORONTO, July 5, 2018 /CNW/ - Cannabis Growth Opportunity Corporation (CSE: CGOC), a cannabis focused investment corporation with both public and private cannabis holdings, today announced that its net asset value (NAV) per common shares, as of close of business on July 3, 2018, was estimated at $2.44, an increase of 7.49 percent over last month.  

CGOC's estimated NAV was released during its monthly webinar. A recording of the webinar will be available on the company's website at www.cgocorp.com/investors/ on July 6, 2018 by 1:00 pm EDT.

CGOC is now over 95 percent invested in companies operating in Canada, the US, Jamaica and Israel. The top ten public investments as of June 29, 2018 (in alphabetical order) are: ABCANN Global, C21 Investments, Cannex Capital, Canopy Growth, Hydropothecary, Indiva, Organigram, Planet 13 Holdings, Sunniva and Valens Groworks. These holdings represent 42.65 percent of the company's overall portfolio. The company's private holdings are available on their website at www.cgocorp.com/private-investment/.

"The emerging cannabis industry has the potential to be the value creation engine we haven't seen in decades. One of the greatest benefits of our actively managed portfolio approach to cannabis investments, is our ability to be flexible and make discretionary judgements in this rapidly evolving sector, ultimately offering our investors better risk management and optimizing our portfolio for growth," says Jamie Blundell, President and Chief Operating Officer of CGOC. "Our team of dedicated industry experts are focused on helping our investors realize the true value of the industry through a long-term actively managed strategy realized through our diverse portfolio of private and public investments."

This press release is not an offer of securities for sale in the United States, and the securities described in this press release may not be offered or sold in the United States absent registration or an exemption from registration. The securities have not been and will not be registered under the United States Securities Act of 1933.

Non-IFRS Measures

NAV is a non-IFRS (international financial reporting standards) measure and was calculated based on the estimated value of CGOC's investments less its liabilities, divided by the number of common shares outstanding. The term NAV does not have any standardized meaning according to IFRS and therefore may not be comparable to similar measures presented by other companies. Management believes that NAV can provide information useful to its shareholders in understanding its performance and may assist in the evaluation of its business relative to its peers.

About Cannabis Growth Opportunity Corporation (CGOC)

CGOC is a unique investment corporation incorporated under the laws of Canada. CGOC's investment objectives are to provide holders of common shares long-term total return through capital appreciation by investing in an actively managed portfolio of securities of public and private companies operating in, or that derive a portion of their revenue or earnings from, products or services related to the cannabis industry.  http://cgocorp.com/.

SOURCE Cannabis Growth Opportunity Corporation

Jamie Blundell, President and Chief Operating Officer, Cannabis Growth Opportunity Corporation, 647-946-2205, [email protected]