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MENTOR CAPITAL INC COM NPV (OTCMKTS:MNTR) Looking to Capitalize on Newly Acquired Patent



MENTOR CAPITAL INC COM NPV (OTCMKTS:MNTR) is enjoying trading at a fairly steady price, despite the fact that the company last hit the news almost a month ago. MNTR last revealed that it had acquired the patent for smokeless administration of THC, cannabinoids and Hemp. The technology had originally been developed by R.L. Larson and owned by Larson Capital LLC. The news of the acquisition came soon after the company reported its FY2015 results, revealing a net loss of $0.8 million, up from $0.47 million from a year ago.

Mentor Capital has followed a very aggressive policy of acquiring several companies and technologies, related to the cannabis industry. In the 10-K, filed right after the FY2015, the company revealed that it would continue with this policy, with a focus on companies that have a positive revenue outlook or have the potential to generate positive operating revenue. The last reported cash position of MNTR was $73,679.

MNTR has not yet disclosed the complete details of the acquisition agreement, making it difficult for analysts to determine its current financial state. The company has, however, disclosed that the new smokeless vaporizer technology, significantly improves the efficiency of the THC, cannabinoids and Hemp administration. Furthermore, Mentor Capital had also revealed plans to quickly capitalize through the patent. The company intends to attract US residents, with networks in other countries, to obtain official licenses for marketing the product in their respective countries.

Mentor Capital’s revenue for the FY2015 stood at $2.6 million, with a gross profit of $1 million. The figures for the revenue and gross profit had improved significantly, as compared to the preceding year. In fact, the figures for the gross profit indicated that the company had actually become more efficient. It was mainly due to the goodwill impairment, that the company suffered a huge net loss.

MENTOR CAPITAL INC COM NPV (OTCMKTS:MNTR) closed at a share price of $0.479, at the end of the May 5 trading session, after having gained 3.23% in terms of share value and having a trade volume of 9,800.

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