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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Fountain Asset Corp | TSXV:FA | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.05 | 0.05 | 0.055 | 0 | 01:00:00 |
TORONTO, Aug. 28, 2019 /CNW/ - Fountain Asset Corp. (TSXV:FA) ("Fountain" or the "Company") is pleased to announce financial results for the second quarter ended June 30, 2019 ("Q2/19").
"The Company posted a decline in Adjusted Net Asset Value quarter over quarter during Q2/19. The decline was driven by weakness in the cannabis sector," said Andrew Parks, CEO of Fountain.
Highlights from the three months ended June 30, 2019:
Highlights from the six months ended June 30, 2019:
During the quarter, the Company saw a decline in performance from its portfolio driven by investments in Green Growth Brands and 3 Sixty Risk Solutions Ltd. This was offset by gains on our investment in HTC Purenergy.
A full set of Q2/19 unaudited financial statements and the management discussion & analysis are available on SEDAR.
About Fountain Asset Corp.
Fountain Asset Corp. is a merchant bank which provides equity financing, bridge loan services (asset back/collateralized financing) and strategic financial consulting services to companies across many industries such as marijuana, oil & gas, mining, real estate, manufacturing, retail, financial services, blockchain technology and biotechnology.
Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Fountain Asset Corp.
Copyright 2019 Canada NewsWire
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