Codebase Ventures’ investment mandate targets cannabis, blockchain sectors with exposure to cryptocurrencies

Codebase Ventures Inc (CSE:CODE) (OTCMKTS:BKLLF) announced Friday that its investment mandate going forward will include opportunities in the cannabis sector and blockchain technologies with select exposure to cryptocurrencies.

The company said its blockchain and cryptocurrency investments are building significant momentum, as it moves deeper into the cannabis space.

“With the growth of legal CBD and cannabis regions and countries worldwide, the Codebase’s relationships and experience puts the company in a prime position to make strategic investments in companies at early stages of market development,” Codebase said in a statement.

READ: Codebase Ventures launches new Code Cannabis Investments subsidiary

The Vancouver, British Columbia-based company on Wednesday launched a new subsidiary called Code Cannabis Investments that will identify early-stage assets and startups in the sector that could benefit from its capital and industry knowledge. The goal is to help those companies accelerate their growth and scale to meet greater market demands.

Codebase is no newcomer to the cannabis industry. Its management has founded multiple publicly traded cannabis companies on Canadian exchanges, delivering significant returns to shareholders.

“The board and leadership of the company have vast industry relationships in the cannabis and blockchain sectors,” said CEO George Tsafalas.

“We are seeing tremendous opportunities for growth in areas such as the UK and Europe, countries and regions that are where Canada was on its cannabis legalization pathway 5 – 7 years ago. We believe this is the time to invest in those markets in order to realize the largest possible gains going forward.”

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Story by ProactiveInvestors