Back in August, ALQ Gold announced that it was switching its business focus from mineral resource exploration company to an “investment company” to pursue investment opportunities in the cannabis sector, and announced that it invested into Tahoe Hydro Corporation.
They also announced a private placement to raise up to $4-million for future investments in the Cannabis sector. The stock was halted at $0.25 ($0.50 on a post consolidated basis) while it underwent the transition to an investment company.
A bit about their 1st investment:
Tahoe Hydro was able to build off their earlier success in the medical cannabis game and enjoy further success in the now legalized Nevada recreational game.
They are an award winning producer with high quality products that are distributed throughout Nevada.
They have a solid leadership team and have a proven winning model which they hope to expand their operations.
- Currently have their cultivation license and have produced over 25 harvests
- Expanding their 25,000 sq. ft. facility in Carson City Nevada.
- Planned build out of a 75,000 square-foot indoor cultivation, production and dispensary facility in Sparks, Nevada.
ALQ they recently announced that they have filled their first 2 tranches of that private placement (~$2.5M) and the remaining portion should be locked up shortly.
We expect the shares to be free trading after they fill the placement and get the OK from the CSE to trade again as an investment company.
This company could have a nice jump up once free trading begins, the only question is when……
Stay tuned as this investment company might turn out being pure gold.