$MDCL-already-has-the-joint-venture-with-Success-Nutrients-and-PONO- -where-they-are-selling-those-products-to-NEW-CLIENTS. along with collecting fees for the expansion of MMJ after the election in November... I believe I'll wait for real results, vs worrying about undocumented scare material, lol...
And of course, I have a link...
Our other pending acquisition of Pono Publications Ltd. and Success Nutrients, Inc. is in the final stages of due diligence and while no assurances can be provided, we remain optimistic that we will successfully close these transactions during the initial calendar quarter of 2017. It should also be noted that we entered into an ‘Interim Agreement’ with both companies on or about October 20, 2016, as disclosed in an 8K filing on that date that provided for the interaction between the companies pending closing of the acquisition, including various renewals that were not dependent upon the successful completion of this acquisition but substantially benefit all parties.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11784456
One of the new products developed in cooperation with this new partner referred to as Cultivation MAX, a service we will be launching shortly designed to increase the efficiency as well as yields of an existing cultivation operation in states where such operations are lawful wherein we will be able to achieve increased revenues for our client based upon the improvement of cultivation yields. Our clients will not have any obligation to provide additional compensation to us for ongoing operations unless they achieve improved cultivation outcomes. In addition to design and deployment revenue (nutrients included) we will receive for these services fees based upon the margin of improvement yields typical to our industry on a pre-agreed to performance metric reflected in grams per watt, pounds per light, or grams per square foot of flower canopy.
During the three months ended September 30, 2016, we generated revenues of $236,593, including consulting/licensing fees of $233,500, with the balance of fees arising from our participation in cannabis seminars, compared to revenue of $241,140 during the similar period in 2015, a decrease of $4,547. This nominal decrease was primarily attributable to a decrease of $28,047 in revenue derived from seminar fees during the three months ended September 30, 2016, due to our participation is less seminars. However, licensing fees increased by $27,000 during the three months ended September 30, 2016 compared to the similar period in 2015. Based upon executed consulting agreements, we expect to recognize substantial deferred income in future quarters related to existing service agreements that have payment triggers based upon new state legislation in Oregon, California, Pennsylvania and Nevada.
Cost of services, consisting of expense related to delivery of services, was $83,209 during the three months ended September 30, 2016, compared to $35,603 during the comparable period in 2015, an increase of $47,606.
Operating expenses during the three months ended September 30, 2016, were $139,760, including general and administrative expense of $94,099, compared to operating expenses of $155,089 incurred during the three months ended September 30, 2015, including general and administrative expense of $149,443, a decrease of $15,329. Included in these expenses were decreases of $22,548 in travel related expenses due to the completion of our services in Hawaii, and a decrease of $19,107 in professional fees incurred during this period, offset by increased office costs of $14,518 arising from our beginning to pay compensation to our COO.
As a result, we generated net income of $18,752 during the three months ended September 30, 2016 (approximately $0.00 per share), compared to net income of $50,448 during the three months ended September 30, 2015 (approximately ($0.01 per share).
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While no assurances can be provided, we believe our new cultivation performance metrics as achieved through this new partnership will provide extraordinary value to the industry as a whole for those able to recognize that cost of operations and quality will eventually define who thrives or just survives in this industry.
During the nine months ended September 30, 2016, we generated revenues of $568,388, including consulting/licensing fees of $553,221, with the balance of fees arising from our participation in cannabis seminars, compared to revenue of $623,787 during the similar period in 2015, a decrease of $55,314. This decrease was primarily attributable to a decrease of $15,252 in revenue derived from seminar fees during the nine months ended September 30, 2016 due to our participation is less seminars. Based upon executed consulting agreements, we expect to recognize substantial deferred income in future quarters related to existing service agreements that have payment triggers based upon new state legislation in Oregon, California, Pennsylvania and Nevada.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11687197
Medicine Man (MDCL) Adds Clients & Targets Acquisitions -- CFN Media
Medicine Man Technologies has become a top branding and consulting firm within the rapidly growing legal cannabis and marijuana industry
SEATTLE, WA--(Marketwired - Dec 28, 2016) - CFN Media Group ("CannabisFN"), the leading creative agency and media network dedicated to legal cannabis, announces publication of an article discussing the growth of Medicine Man Technologies Inc. (OTCQB: MDCL) over the recent year and the outlook for the future as more states legalize marijuana.
The cannabis industry is expected to reach $20.6 billion by 2020, according to the market research firm ArcView. With over 20 clients across the United States, Medicine Man Technologies has become a top branding and consulting firm within the rapidly growing industry. Management's recent acquisitions and future pipeline could further drive value in 2017 and beyond as the cannabis industry continues to mature.
By leaning on its experience operating an iconic Colorado dispensary, the company's management team has helped more than 45 clients across 14 states secure licenses, avoid costly start-up mistakes, and consult with an expanding team of licensees and partners as needed.
Medicine Man Technologies, in August, announced a deal to acquire Pono Publications and Success Nutrients to offer enhanced cultivation consulting and extraordinary nutrient lines to its growing client base. With the launch of Cultivation MAX, the company will leverage these technologies to help clients increase the efficiency and yield of existing cultivation operations. The service guarantees a decrease in cost and an increase in yield with fees generated without any upfront cost. Medicine Man is so confident in the system that it doesn't charge fees unless it is as effective as advertised.
During the first three quarters of 2016, the company generated $568,388 in revenue from licensing and consulting fees. Management expects to grow these revenues as existing service agreements hit payment triggers based upon new state legislation in Oregon, California, Pennsylvania and Nevada. Notably, the company also reported a net income of $18,752 during the third quarter, which sets it apart from competitors in an industry where revenues are spotty and net income a rarity.
Organic Growth & Acquisitions
Medicine Man Technologies plans to expand over the coming year through a combination of new clients and strategic acquisitions. New clients continue to add incremental revenue and cash flow, while acquisitions provide opportunities to diversify and upsell to existing clients. With already-profitable operations, investors can directly benefit from the increase and revenue without as much dilution when making acquisitions.
The company is well positioned to organically grow its business as the number of states with legal medical and recreational marijuana continues to increase. In particular, management reported a surge in Pennsylvania business as it works to complete its rules making and application process associated with the passage of SB3 in April 2016. The addition of California to the mix could create significant additional opportunities as the largest revenue market. Medicine Man is currently supporting five Maryland clients with cultivation, processing, and dispensary deployment consulting projects and has also been responding to numerous requests from other Maryland phase one awardees.
In addition, the company continues to build out its brand warehouse concept with a growing pipeline of acquisitions. The Success Nutrients and Pono Publications acquisitions are being finalized, while the acquisition of Capital G (Funk Sack and Odor No) and other earlier stage deals could unlock further value for shareholders. Note that both Pono Publications and Success Nutrients are already profitable and will have generated in excess of $1M in their 1st year of operations (2016).
http://www.otcmarkets.com/stock/MDCL/news/Medicine-Man--MDCL--Adds-Clients--amp--Targets-Acquisitions----CFN-Media?id=147749&b=y
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