SOL Global Investments Corp. provided its investors with unaudited financials for the first quarter ended February 28, 2021, and a general operational update concerning the Company’s assets and investments. Total gain from investments totaled $244 million for the quarter ended February 28, 2021, compared to $2.6 million for the quarter ended February 29, 2020. This represents a favorable change of $241.5 million between periods. The Net Asset Value (“NAV”) per share is equal to $7.12 on February 28, 2021, VS $1.98 on February 29, 2020.SOL Global has significantly strengthened its asset base as compared to previous quarters when market multiples were higher. The gains reported in the financial statements are reflective of material operational improvements and growth in the underlying investments.
Published Ncv Newswire, New Cannabis Ventures, 04/29/2021 09:15:00