- The Company divests of position in the Health & Wellness space for a 67% profit
VANCOUVER, British Columbia, Nov. 11, 2021 (GLOBE NEWSWIRE) -- Vinergy Capital, Inc. ("Vinergy" or the "Company") (CSE:VIN, OTCQB:VNNYF) is pleased to provide an update on the various investments it has made to date, including a 67% return on investment via the disposition of shares held in a publicly traded company in the Health & Wellness space.
Prior to Vinergy’s expansion to include Blockchain and Digital Currency assets in its investment scope, the Company leveraged its expansive network of relationships and resulting deal flow. Via the deal flow, the Company sourced a handful of high growth, early stage investments allowing Vinergy to capture significant value appreciation as these companies expanded operations and go public transactions.
Nurosene Health Inc.
Nurosene provides individuals with tools and technology that empower them to take control of their mental wellness. Vinergy subscribed for 536,000 shares at $0.90 in Nurosene Health Inc. while the company was private. Nurosene went public on June 9th, 2021 and has seen tremendous growth since then with numerous exciting catalysts. Vinergy was able to divest of its position at an average of $1.51 per share resulting in a 67% return on investment.
Bitcoin Well Inc.
Bitcoin Well offers convenient, secure and reliable ways to buy and sell bitcoin through a trusted Bitcoin ATM network and suite of web-based transaction services. Vinergy subscribed for 2,000,000 units of Bitcoin Well Inc. at $0.25 for a total of $500,000.
Eat Well Investment Group Inc. (formerly, Rockshield Capital Corp.)
Eat Well Group is a publicly-traded investment company primarily focused on high-growth companies in the agribusiness, food tech, plant-based and ESG (environmental, social and governance) sectors. Vinergy purchased 500,000 common shares of Eat Well Group at $0.55 per share for a total of $275,000.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
Vinergy Capital Inc.
Alnoor Nathoo, Chief Executive Officer
Email: investors@vinergycaptital.com
Cautionary Statement Regarding "Forward-Looking" Information
The forward-looking information contained in this press release is made as of the date of this press release and, except as required by applicable law, the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise, except as may be required by law. By its very nature, such forward-looking information requires the Company to make assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such information.
