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MPS Bioceutical Corp. (MPXEF)

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Last Post: 11/17/2017 7:37:08 AM - Followers: 15 - Board type: Free - Posts Today: 0
Nevada Cannabis Operations to be Acquired for $19mm by Canadian Public Company
May 4, 2017 at 7:36 am

Published by NCV Newswire

Visit the Canadian Bioceutical Corp Investor Dashboard and stay up to date with data-driven, fact based due diligence for active traders and investors.
Canadian bioceutical
BCC expands into second adult use market

Acquiring award winning wholesale cannabis business in Las Vegas, Nevada

TORONTO, May 04, 2017 (GLOBE NEWSWIRE) — The Canadian Bioceutical Corporation (the “Company” or “BCC”) (CSE: BCC) (OTC: CBICF) today announced that the Company, through its wholly owned U.S. subsidiary CGX, is exercising its option, and is acquiring a 100% interest in GreenMart of Nevada LLC (“GreenMart”), an award winning licensed cultivation, production and wholesale business located in Las Vegas, Nevada. Management anticipates closing the transaction on or before May 30, 2017.

Transaction highlights

Creates strong presence in Las Vegas adult use market with over 42 million visitors annually.
Existing licensees have 12-18 month headstart to establish market share.
Fully operational, fully staffed, state-of-the-art licensed production facility, with capacity to produce 1.6 million grams of dried flower and 85,000 grams of high-margin concentrate.
Operations include production of concentrates, as well as edible and other high-margin infused products.
Company has commenced selling wholesale into the Nevada medical cannabis market, as well as is applying for a dispensary license to enter the higher-margin retail market.
2016 Jack Herrer Cup winner for best hybrid concentrate.
Arcview Market Research projects annual legal cannabis sales in Nevada to grow to an estimated US$630 million by 2020.
Attractive valuation at $19 million:
$9.5 million, non-interest bearing promissory note
$9.5 million in units, each unit, priced at CAD$0.75

Management commentary

“Commencement of sales into the adult use market in Nevada, under the state’s “Early Start Capitalized” program, is anticipated for July of this year, with a 12-18-month early mover advantage for existing licensees,” stated Scott Boyes, CEO. “In order to benefit from the strong revenue and cash flow growth anticipated for GreenMart, we decided to accelerate exercising our option and acquire the company. We anticipate the operations to be materially accretive for revenues and earnings in the current fiscal year. We are delighted to bring GreenMart and its award winning products under the BCC umbrella, and we look forward to reporting on our progress as we continue to execute on our aggressive growth strategy.”

GreenMart is fully staffed and operational, and is extremely well-managed. In developing the Nevada business, we are leveraging the operational and commercial best practices developed at our highly successful Health for Life and MPX brands in Arizona. We anticipate this will accelerate market share development in a potentially very sizeable market with strong barriers to entry. Additionally, the shared operational template facilitates integration.


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#67  Sticky Note Fantastic CEO video..thx! frontloading 11/08/17 08:38:53 PM
#12  Sticky Note Innovation in cultivation is another focus area. Innoscape 08/08/17 10:48:02 AM
#91   Let's get rich together 1990 11/17/17 07:37:07 AM
#90   Thanks for pointing this company out to me Nickftw 11/17/17 02:26:27 AM
#89   Question: why is the name on OTC MPS? Nickftw 11/17/17 01:38:56 AM
#88   i just strengthened my position by 26,000 shares! caryPT 11/16/17 07:50:32 PM
#87   Stock is new (ticket symbol change) and unknown. 1990 11/16/17 01:10:37 PM
#86   Every time i watch this video, i wish caryPT 11/14/17 06:00:41 PM
#85   Agreed. I need to buy more though. So 1990 11/13/17 06:22:36 PM
#84   i'm soooo glad that i found this stock. caryPT 11/13/17 05:50:11 PM
#83   After scouring the sector I believe this and 1990 11/13/17 09:39:49 AM
#82   10/27 Presentation.... frontloading 11/10/17 09:49:39 PM
#81   Welcome.. frontloading 11/10/17 09:30:59 PM
#80   Took a starter...let's go! 1990 11/10/17 09:33:21 AM
#79   3 Canadian Companies Rolling Up the U.S. Cannabis Parttimetrader 11/10/17 07:29:39 AM
#78   Thx..appreciate all factual info.. frontloading 11/09/17 10:05:38 PM
#77   Hi-Med, LLC Announces Initial Loan to MPX Bioceutical Corporation GO2017 11/09/17 06:55:49 PM
#76   I agree. I posted the CEO's Video on topdog52 11/09/17 02:41:39 PM
#75   Absolutely...this is going to be a dandy as frontloading 11/09/17 01:51:32 PM
#74   This is a Diamond in the rough and topdog52 11/09/17 12:43:23 PM
#73   The two video's outline the company's outstanding plan. NYD 11/09/17 11:04:12 AM
#72   Time to buy some more at these prices. topdog52 11/09/17 10:00:25 AM
#71   Nice bid whacks to shake the tree. 125 topdog52 11/09/17 09:58:53 AM
#70   Nice! Thanks for gr8 sticky. EOM Innoscape 11/09/17 08:09:22 AM
#69   I thought MPXEF was an OTC Pink but topdog52 11/09/17 06:43:38 AM
#68   Agree, CEO is solid! Sharp,articulate business fella.. frontloading 11/08/17 09:28:28 PM
#67   Fantastic CEO video..thx! frontloading 11/08/17 08:38:53 PM
#66   WOW nice video!!! I got my starter today. topdog52 11/08/17 12:53:36 PM
#65   Another great video. The CEO has a super NYD 11/08/17 09:14:49 AM
#64   The new MPX video is now out and Parttimetrader 11/08/17 12:09:33 AM
#63   T/U great video. Green present & future! EOM Innoscape 11/07/17 10:10:27 AM
#62   Starting off the day in the right direction. ?? unit36 11/07/17 10:04:38 AM
#61   Outstanding video!! NYD 11/06/17 08:47:45 PM
#60   This is from last month post on YouTube Parttimetrader 11/06/17 07:05:47 PM
#59   Yes, big day. I was wondering why this NYD 11/06/17 04:32:07 PM
#58   BIG day today on the OTC!! I think caryPT 11/06/17 04:05:25 PM
#57   Agree..a lot to like here.. frontloading 11/05/17 01:18:37 PM
#56   The Canadian Bioceutical Corp. changed to MPS Bioceutical Corp.: Renee 11/03/17 04:05:13 PM
#55   Ending the week on a positive note! EOM Innoscape 11/03/17 01:58:57 PM
#54   i just saw 5 - 80,000 share purchases caryPT 11/03/17 10:19:04 AM
#53   This is the kind of cannabis stock that caryPT 11/03/17 10:02:35 AM
#52   CBICF effective Nov. 2,2017 will change to MPXEF: Renee 11/01/17 03:04:37 PM
#51   Annual Meeting”) of BCC on Monday, October 30, noodle 10/30/17 05:38:49 PM
#50 Parttimetrader 10/29/17 08:40:03 AM
#49   CBICF Owen Sound mj facilty news picking up! frontloading 10/28/17 11:46:52 PM
#48   Long and strong! EOM.. Innoscape 10/25/17 09:37:37 AM
#47   TORONTO, Oct. 13, 2017 (GLOBE NEWSWIRE) — The noodle 10/25/17 06:21:06 AM
#46   News out. BCC Announces Initial US$10 Million Drawdown on Parttimetrader 10/24/17 07:03:01 PM
#45   I got an email from the company that noodle 10/24/17 02:36:21 PM
#44   Thanks makes sense. noodle 10/23/17 07:28:26 PM
#43   The TSX threat should has no material impact kb406 10/23/17 06:18:08 PM
#42   I wonder if changing the name is a noodle 10/23/17 05:34:03 AM