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solglobal.com

Founded Year

2014

Stage

Reverse Merger | IPO

Total Raised

$310K

Market Cap

0.02B

About SOL Global Investments

SOL Global Investments (CSE:SOL) is a research and development company committed to finding a solution for the prevention and treatment of concussions and traumatic brain injury (TBI) with its proprietary Cannabinoid (CBD) combination.

SOL Global Investments Headquarter Location

100 King Street West Suite 5600

Toronto, Ontario, M5X 1C9,

Canada

212-729-9208

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Expert Collections containing SOL Global Investments

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

SOL Global Investments is included in 2 Expert Collections, including Cannabis.

C

Cannabis

3,834 items

These companies participate in - or service businesses that participate in - the legal cannabis industry. Our definition of cannabis includes both marijuana and hemp (and all derivatives). The collection includes both "plant-touching" and "non-plant-touching" businesses.

B

Biopharma Tech

5,241 items

Companies involved in the research, development, and commercialization of chemically- or biologically-derived therapeutic & theranostic drugs. Excludes vitamins/supplements, CROs/clinical trial services.

SOL Global Investments Patents

SOL Global Investments has filed 2 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

10/17/2016

Inflammations, Autoimmune diseases, Syndromes, Rare diseases, Diseases of the eye and adnexa

Application

Application Date

10/17/2016

Grant Date

Title

Related Topics

Inflammations, Autoimmune diseases, Syndromes, Rare diseases, Diseases of the eye and adnexa

Status

Application

Latest SOL Global Investments News

SOL Global See Hefty Losses, Shrinks Cannabis Holdings

Aug 1, 2022

After the markets closed on Friday, SOL Global Investments Corp . (CSE: SOL) (OTCPK: SOLCF) posted colossal losses as it continues to search for stability amid new changes in leadership. The company released the findings in its unaudited financial report card for the second quarter ending May 31, 2022. The company recorded a net loss of $128.7 million versus the same period last year, in which the company saw net income of $60.7 million. During the first and second quarter this year, the company reduced its exposure to the cannabis sector as a percentage of its NAV from 24% to 18% as it continued to diversify into other areas such as clean technology, electric vehicles and the Miami real estate market. “Despite immediate market headwinds, our Core investments continue to show strength and present tremendous shareholder opportunity both mid and long term”, its newly-minted Chairman and CEO Kevin Taylor said in the release. “Our team remains focused on supporting SOL’s core holdings, divesting non-core assets, right sizing operations and continuing to de-leverage our balance sheet through debt repayment and restructuring”. Sol Global saw Jones Soda revenue increase 58% to $4.5 million versus $2.9 million in the first quarter last year. Gross profit as a percentage of revenue increased 40 basis points to 27.3% compared to 26.9% in the first quarter last year. The company saw growth across all major sales channels for its core bottled soda business, Jones Soda , and launched its Mary Jones cannabis-infused soda line, with 10mg Cannabis-Infused Sodas now available in the California market. Jones Soda Co. announced the findings in the first quarter ending May 11, 2022. The company also saw some advances in their compliance cloud software company, Fyllo, which offers tools to access cannabis and CBD purchasing data — inking a bought deal with marketing firm Semasio in April. Fyllo also beefed up it’s regulatory database with a new “Jurisdiction Dashboard,” which will track and update jurisdiction-level cannabis activity and history to help users spot data-driven trends. Sol Global also said that Michigan-based Common Citizen , which it owns, recently launched a cultivation partnership with boxing legend Mike Tyson’s premium cannabis line, California-based Tyson 2.0 — which Common Citizen also holds a minority stake in. Common Citizen said it will grow Tyson’s cannabis at its state-of-the-art hybrid greenhouse in Michigan, and will first yield “Knockout OG” and “Pound for Pound Cake”— both favorite strains of Tyson’s. The cannabis will be sold at Common Citizen retail partners in prepackaged eighths (3.5 grams) and 1-gram pre-rolls. The company posted losses from investments totaling $97.9 million over the second quarter versus $83.3 million in gains during the same time last year. The unaudited Net Asset Value per share is equal to $3.43 in the second quarter versus $7.43 in the same quarter last year. Sol Global made $26.1 million worth of payments towards its $50 million credit facility over the first two quarters this year, reducing the outstanding principal to $21.4 million as of May 31, 2022. The company said it made additional payments after the end of the quarter, resulting in a remaining principal balance of $7.835 million as of July 29, 2022. Post Views:

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SOL Global Investments Rank

  • When was SOL Global Investments founded?

    SOL Global Investments was founded in 2014.

  • Where is SOL Global Investments's headquarters?

    SOL Global Investments's headquarters is located at 100 King Street West, Toronto.

  • What is SOL Global Investments's latest funding round?

    SOL Global Investments's latest funding round is Reverse Merger.

  • How much did SOL Global Investments raise?

    SOL Global Investments raised a total of $310K.

  • Who are the investors of SOL Global Investments?

    Investors of SOL Global Investments include Kitrinor Metals.

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