Thursday, November 20, 2014 7:18:19 PM
On May 27, 2014, the Company, through its wholly-owned subsidiary, MDRM Group (Canada) Ltd, entered into an agreement with a Wyoming registered public company (the "Public Company") , to sell up to forty-nine percent (49%) of the shares of the Potential Licensee, for a total purchase consideration of $2,486,946. At the execution and acceptance of the said agreement, the Private Company paid a non-refundable sum of $23,070 to the Company for the option right granted under the said agreement to acquire shares of the Potential Licensee.
The total cost of the "already built, fully functional MMJ facility" will be $5,000,000
2.5 mil owed upon approval of license from Health Canada. Another 2.5 mil owed 1 year after approval date.
The initial 2.5 million payable to the company will come from the aforementioned 2.5 million from EAPH.
Take this factual information and be happy that you have invested in this company.
Final inspection of the facility is scheduled 4th quarter 2014. Get ready for this baby to fly.
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