Cannabis Company Appoints New Executive To Explore Blockchain Opportunities

Cannabis Company Appoints New Executive To Explore Blockchain Opportunities

By: Tomas Ronolski - News

Tuesday, April 6, 2021

A Vancouver-based micro cap just announced that the company appointed Mr. Alnoor Nathoo as Chairman of the Board of Directors. Mr. Nathoo is a veteran in the investment realm, carrying over 30 years of experiences across various sectors including Crypto and DeFi opportunities. This lead to shares of Vinergy Capital, Inc. (CSE:VIN) soaring as the newly appointed executive invested $300,000 for 2,000,000 units in the company in order to focus on blockchain growth opportunities for the company.

Following a thorough evaluation of the Vinergy's existing resources and a review of its strategic options, the Company made a decision to refocus its business operations from a junior oil and gas company to an investment company. Specifically, Vinergy will focus on investing in private and public companies whose businesses involve later stage cannabis business opportunities or other selected sectors with strong intellectual property, exceptional management and high growth potential that may be strategically positioned in the global cannabis market. 

Traders were obviously optimistic on this news as shares traded up to an early session high of $0.17/share (+25.93%). The combination of the already established operations paired with this new focus on blockchain and bitcoin growth opportunities lead to this move, which is a strong continuation of success this stock has had over the last year, coming from a 52-week low of just $0.01/share.

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