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MPS Bioceutical Corp. (MPXEF)

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Last Post: 12/13/2017 8:19:08 PM - Followers: 24 - 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
#159   This company is bringing in more revenue and 1990 12/13/17 08:19:08 PM
#158   Thanks kb406... I'll check out the other companies too! caryPT 12/13/17 08:16:06 PM
#157   On the OTC website and here they are Nickftw 12/13/17 02:59:41 PM
#156   Cary: a few clarifications, for the benefit of kb406 12/13/17 01:43:37 PM
#155   The company is rolling out their plan and caryPT 12/12/17 10:26:20 PM
#154   I took a position in this stock, dumped Scaling 12/12/17 08:12:16 PM
#153   2 days of great news I would have yakcrawler 12/12/17 07:05:20 PM
#152   If the news is enough to form a 1990 12/12/17 01:22:39 PM
#151   This stock seems to not get a bump Scaling 12/12/17 12:27:46 PM
#150   MPX Receives Approval for GreenMart of Nevada NLV jcamp212 12/11/17 04:18:38 PM
#149   MPX Bioceutical Receives Both Municipal and State Approval Parttimetrader 12/11/17 11:48:03 AM
#148   MPXEF finally has some good news! The State Scaling 12/11/17 11:26:35 AM
#147   caryPT..thank you, I appreciate your view. I really yakcrawler 12/05/17 09:10:45 PM
#146   yakcrawler... thanks for the link to the MPXEF caryPT 12/05/17 08:15:03 PM
#145   This was just put out a few days yakcrawler 12/05/17 06:55:57 PM
#144   Do you use any paid service to provide Scaling 12/05/17 09:56:03 AM
#143   Yes first quarter of 2018 Will be it's 1990 12/05/17 07:15:58 AM
#142   Thanks! Do you think this is due for Scaling 12/05/17 03:14:55 AM
#141   That is only due to the the USD/CAD Nickftw 12/05/17 02:10:05 AM
#140   Revenue declined by 2.2% for the most recent Scaling 12/05/17 01:23:51 AM
#138   I was being sarcastic. Stop with all these 1990 12/04/17 11:38:41 PM
#136   Ok I believe you... In other news MPX is 1990 12/04/17 11:17:53 PM
#133   I’m serious and I? can’t find the article, Jmann33 12/04/17 11:08:45 PM
#132   Nice pump 1990 12/04/17 11:04:54 PM
#131   So while here or maybe somewhere else, I? Jmann33 12/04/17 10:57:07 PM
#130   Thanks PTT for the post and the link. caryPT 12/04/17 05:41:55 PM
#129   Mpx update out today. Parttimetrader 11/30/17 07:27:23 PM
#128   It would have been nice. But they only Parttimetrader 11/30/17 07:14:07 PM
#127   Also consider Greenmart actually submitted the applications. Since sav15 11/30/17 07:08:47 PM
#126   Ohio license was never part of the original.plan 1990 11/30/17 06:58:14 PM
#125   Sorry for the double post there yakcrawler 11/30/17 06:46:27 PM
#124   We did not get Ohio License looks like.. yakcrawler 11/30/17 06:44:45 PM
#123   We did not get Ohio License looks like.. yakcrawler 11/30/17 06:44:20 PM
#122   What do you think 25mil is going to Parttimetrader 11/30/17 06:19:42 PM
#121   Agreed. I'm heavily invested here too. I expect 1990 11/30/17 04:30:28 PM
#120   I will be buying back into GRWG on Nickftw 11/30/17 04:24:24 PM
#119   Not sure if thats a good idea because 1990 11/30/17 04:15:04 PM
#118   I literally sold my whole GRWG position to Nickftw 11/30/17 04:02:55 PM
#117   They have a Nevada grow operation also and Parttimetrader 11/30/17 12:01:55 PM
#116   Arizona & Massachusetts How long till a Cali MisterEnzo 11/30/17 11:47:52 AM
#115   Congrats to everybody who found this awesome company mrd4444mrd 11/30/17 09:22:00 AM
#114   Hopefully he’s done for awhile! Parttimetrader 11/29/17 06:08:52 PM
#113   This explains the recent price drop. A large Nickftw 11/29/17 04:42:18 PM
#112   Agreed. Heavily invested in both 1990 11/29/17 09:38:14 AM
#111   Earnings should be out soon. Once we start sav15 11/29/17 07:33:21 AM
#110   This stock was never going to move today. NYD 11/28/17 11:00:22 AM
#109   yakcrawler... hey to you. there are so caryPT 11/28/17 09:38:42 AM
#108   First Post! Wanted to put it on the yakcrawler 11/27/17 10:06:29 PM
#107   Agree. Share price is currently decreasing because 1990 11/27/17 09:45:45 PM
#106   i'm with you guys... i hold 4 MJ caryPT 11/27/17 07:35:27 PM