InvestorsHub Logo
Followers 21
Posts 526
Boards Moderated 0
Alias Born 02/04/2013

Re: art35 post# 17138

Thursday, 07/17/2014 11:47:47 AM

Thursday, July 17, 2014 11:47:47 AM

Post# of 46340
Marimedia is an advisory service to dispensary and cultivation applicants in states where legislation has been passed or is pending. It is not in the dispensary or cultivation business. They have over 35 applicant clients who pay between $35k to $60k to prepare and process the applications. If they win a license MariMed will fund the real estate and facility build out for lease payments and % rent based on revenue. This structure insulates WORX from being in the MJ business directly and has proven the model with the Thomas Slayter Compassion Center in RI the only licensee in RI.

This is a win win for shareholders and a structure that prevents dilution that this board is constantly crying about as a possibility. With WDDD having an 18% equity interest in WORX there is a structure in place to provide shareholder value and capital access, apparently there are many that don't understand the value this offers WDDD shareholders.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent WDDD News