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Re: MD-420 post# 85373

Sunday, 04/23/2017 12:29:45 AM

Sunday, April 23, 2017 12:29:45 AM

Post# of 112675

How much did mcig pay for Grow Contractors?



Apparently nothing. Mcig Incorporated Grow Contractors. Previously I believe it was a sole proprietorship or dba owned by Rob Kressa. From the 10-Q...

3FQ17 mCig 10-Q

Grow Contractors Inc.

The Company incorporated Grow Contractors Inc., on December 5, 2016. Grow Contractors Inc., operates the construction and consulting segment. On November 18, 2016 Grow Contractors Inc., purchased Agri-Contractors, LLC. Agri-Contractors, LLC will be absorbed by Grow Contractors Inc., over a period of time yet to be determined.

Agri-Contractors, LLC

Grow Contractors Inc., acquired Agri-Contractors, LLC on November 18, 2016. Agri-Contractors, LLC provides consulting services to grow facilities, production companies, and dispensaries servicing the cannabis medical and recreational markets.



The acquisition occurred on Agri Contractors which apparently was also owned by Rob Kressa...

Agri-Contractors, LLC

On November 1, 2016 the Company entered into an Asset Purchase Agreement with Agri-Contractors, LLC. The Agreement was consummated on November 18, 2016. The Company acquired all intellectual property in exchange for $160,000 in common stock. As a condition to this acquisition, the Company entered into a Consulting Agreement with Robert Kressa II, who became the President, mCig Construction and Consulting Division.

The purchase price of Agri-Contractors, LLC was $160,000.



Agri Contractors was the entity that produced the revenue...


Les