Quinsam finds financing to get into marijuana business

Over the past four years this column has taken a special interest in developments at Quinsam Capital Corp., a Canadian Stock Exchange listed merchant bank that started life as a capital pool company but emerged with a new shareholder group in late 2013.

Part of that focus arose because Roger Dent, a veteran small cap manager, was the key member of the new shareholder group. At the time, Dent was a portfolio manager with Matrix Fund Management. Dent had also worked on the sell side where he was a top rated small cap analyst.

“We will position Quinsam to invest in companies that are undervalued or unloved but we believe have tremendous upside value,” said Dent at the time, adding Quinsam will be “an agile and disciplined investor in the small cap market.”

Quinsam was also different because the shareholder group weren’t getting paid to be employees.

Quinsam, which had a colourful record –

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