Symboli Security Token Offering (STO) Showcasing the First Cannabis Dividend
Business Wire 11-Dec-2018 8:14 AM
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Symboli will be the first security token enabling investors to receive
the Cannabis Dividend®
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The high-yielding Cannabis Dividend® will be exclusively
available to Symboli token holders after its Security Token Offering
(STO) in Q1 2019
Symboli announces its intent to create and issue its proprietary Symboli
token (www.symboli.com)
as a Security Token Offering (STO) under U.S. law to purchase five
operational cannabis retail locations in Los Angeles, California, with
annual revenues in excess of $100 million in 2019. Symboli will
establish a substantial California presence, expand, build strategic
partnerships and implement further utility protocols.
Symboli's management revealed its annual Cannabis Dividend®
with an extraordinary cash dividend payout ratio of 100% of all net
earnings (adjusted EBITDA) for the first three years following the
acquisition of the operations (estimated at a total of $112 million to
be distributed to Symboli token holders from 2019-2021, representing one
of the largest cash dividends for STO investors in the history of
cryptocurrencies).
Symboli will be an Ethereum-based security token launching its public
pre-sale round and STO in Q1 2019 followed by its token generation event
(TGE) and crypto exchange listings in Q2 2019 (currently Symboli is
organizing and conducting a limited private pre-sale).
Symboli will use the STO proceeds to complete acquisition of the five
cannabis businesses in Los Angeles (Beverly Hills, Marina Del Rey, two
downtown L.A. and Van Nuys). These popular locations are expected to
generate from their established operations cumulative gross revenues of
$400 million over the next three years.
Symboli Cannabis Dividend® projected annual dividend amounts
based on adjusted EBITDA numbers for 2019 are $27,447,025, 2020 of
$37,019,415 and 2021 of $47,525,409; representing an initial dividend
yield of around 22% for 2019 (based on a projected listing price of
$0.50 per Symboli token).
Symboli will also offer investors a dividend in kind with exclusive
advantages (e.g. 40% discount on product purchases in its locations for
36 months). Symboli targets a very loyal clientele as 84% of customers
use the products daily, 55% spend $2,400 annually and 22% spend over
$3,600 per year, according to Cannabis Consumers Coalition (www.cannabisconsumer.org).
"By offering this in kind dividend and the cash dividend, Symboli will
reward loyal customers and token investors," according to Peter Brian,
Symboli's CEO.
Symboli's in kind dividend will also include exclusive privileges like
VIP invitations to "Grow & Dispensary Tours" and exploring Symboli's
greenhouses that are usually closed to the public. Symboli's token
holders will get a California cannabis industry insider's perspective,
learning about cannabis cultivation from clone-to-harvest.
"Growing adoption of marijuana in medical applications such as cancer,
mental disorders, and chronic pain will propel revenue growth and a
global wave of deregulations in marijuana will allow 2 billion people in
America and Europe alone to shop for cannabis, creating huge profits for
the industry and Symboli," explained Peter Brian.
"The legal cannabis market will outperform America's most profitable
sports organization, the NFL, which aims to reach $25 billion dollars by
2027," predict BDS Analytics (www.bdsanalytics.com)
and Arcview Market Research (www.arcviewgroup.com).
The global legal marijuana market is expected to reach $146 billion
already in 2025, according to Grand View Research (www.grandviewresearch.com),
underscoring Symboli's extraordinary potential.
Before January 1, 2018, 17 million people in five US states and Uruguay
could purchase state-legal marijuana. On January 1, 2018, 47 million
people gained access. Most consumer growth occurred when California's
market came online and legal marijuana increased nearly three-fold. When
California implemented its regulations, the state went from thousands of
legal distribution points to a few hundred - overnight.
"Symboli will own and operate five of those coveted retail locations
based in Los Angeles, California, with more than $400 million in gross
sales (over 3 years) and $112 million in Cannabis Dividend® distributions.
Given the current view on Cannabis, the potential for future growth is
tremendous," Peter Brian continued.
Symboli, Inc. will conduct the STO from the United States; the Symboli
token and its blockchain will be Swiss made, developed by the wholly
owned subsidiary in Symboli LLC Zug, Switzerland, which is a member of
Crypto Valley Labs (www.crypto-valley-labs.business.site)
and the Crypto Valley Association (www.cryptovalley.swiss).
Symboli partners with UbiVault Inc. (www.ubivault.com)
for its military-grade security and next-generation distributed ledger
technology to create the most secure blockchain token to date.
The world class team is incredibly excited to share Symboli's Cannabis
Dividend® with investors and stakeholders. Symboli is
finalizing its private pre-sale round and then will announce public
pre-sale details, the STO structure and cash dividend and dividend in
kind details. Pre-sale participants will enjoy exclusive offers (please
inquire at private-presale@symboli.com).
About Symboli
The Symboli Cannabis Dividend® presents an extraordinary
dividend payout ratio of 100% of net earnings (adjusted EBITDA) for the
first three years (payable quarterly) creating the first dividend paying
security token of its kind in the Cannabis industry and on the
cryptocurrency markets. The dividend yield will initially be 22%
generated by our five Cannabis operations in Los Angeles, California,
with expected cumulative annual revenues in excess of US$100 million in
2019, US$140 million in 2020, US$160 million in 2021, and estimated net
earnings cumulatively of 28% over 3 years (industry standard is 20% to
25%).
Management believes that Symboli's high-yielding and marijuana based
Cannabis Dividend® will be appealing to investors who are
typically interested in dividend-paying cannabis businesses e.g. like
AbbVie Inc. (NYSE:ABBV) with a dividend yield of approximately 4.0%, or
Associated British Foods Plc. (LON: ABF) (OTC:ASBFY), with a dividend
yield of approximately 1.67%, or Compass Diversified Holdings Inc.
(NYSE:CODI) with a dividend yield of approximately 8.05%, or Innovative
Industrial Properties Inc. (NYSE:IIPR), with a dividend yield of
approximately 3.22%, or Iwasaki Electric Co. Ltd. (JPX: 6924) with a
dividend yield of approximately 2.45%, or Scotts Miracle-Gro Company
(NYSE:SMG) with a dividend yield of approximately 2.8%.
To learn more about Symboli, its STO and its Cannabis Dividend®,
or if you are interested in investing with Symboli, please visit our
website at www.symboli.com.
- Website: www.symboli.com
- Telegram: t.me/IcQoK0sqIk
- LinkedIn: https://www.linkedin.com/company/18913923/admin
- Twitter: https://twitter.com/symbolicoin
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