Minerco Inc. The Magic Mushroom Company Hires EQUIDAM to Perform Pre-Money Business Valuation for REG CF Capital Raise
Portland, Oregon--(Newsfile Corp. - December 28, 2020) - MINERCO Inc. (OTC Pink: MINE) has hired EQUIDAM to create business valuation using 3 methods: IPEV (International Private Equity Valuation), DCF (Discounted Cash Flow) with LTG (Long Term Growth) and DCF with multiples model including the TV (Terminal Value) method.
MINE will use the valuation to complete requirements for REG CF capital raise of $5m as well as benchmark its quarterly projections. REG CF funds will be used to do the following:
Acquire and retire Toxic Debt from balance sheet.
Acquire and renovate properties for production in Oregon, Vermont and Jamaica.
Acquire equipment needed to produce 1m psilocybin tablets daily to be sold to wholesale purchasers domestically in Oregon and Vermont and internationally by way of Jamaica to Amsterdam and Canada.
Establish cash collateral reserves for MINE'S blockchain gateway and token SHRU. This cash collateral will spring board SHRU token onto the top Exchanges worldwide.
Minerco anticipates the pre-money valuation and financial projections within 14 business days.
"It is significant to have a third party evaluate our business strategy to determine if we are on the right track for our shareholders. This valuation will give definitive confidence as to the financial strength and viability of the psilocybin industry," says CEO, Julius Jenge.
About Minerco, Inc. (OTC Pink: MINE)
Minerco, Inc. The Magic Mushroom Company
(OTC Pink: MINE) emerging as the world's first publicly traded company focused on the research, production and distribution of psilocybin mushroom. Blockchain token for Psilocybin purchases and investments utilizing its token SHRU.
Safe Harbor Statement
Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/71070