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SPRV .0001 - .0002
SPRV .0001-.0002
Supurva Healthcare Group, Inc. (OTCMKTS:SPRV)
Giorgio Johnson, the Interim CEO and President of Supurva Healthcare Group, Inc. (OTCMKTS:SPRV) has agreed to buy a net revenue interest in a Medicinal Cannabis dispensary with a Canadian firm based in British Columbia. The dispensary has a projected capital cost of $200,000 and is expected to be operational within sixty days of the transaction closing.
Johnson stated that they are delighted to have been presented this investment opportunity which will offer considerable and near-term revenue to the firm. They are witnessing a steady stream of assignments in this rapidly expanding industry and will continue to include skilled personnel in the major areas as they continue to acquire and advance opportunities.
The deal
As currently considered, the deal is anticipated to have numerous terms and conditions mentioned below. These terms and conditions are subject to supplement or modification prior to the completion of the deal upon mutual agreement and will be mentioned in mutually acceptable transaction papers on the closing date.
Under these terms and conditions Supurva Healthcare will be released a debenture protected by a senior charge over the present and post-Closing resources of the Dispensary. The principle amount is stated at $200,000. The principle sum of the debenture, known after the coupon payment, shall be 2 years from the Closing Date. As per the applicable guidelines, the coupon rate is 12% per annum.
Before the principle sum of the Debenture is reimbursed Supurva shall have an 80% net revenue stake in the Dispensary. After the principle sum of the Debenture is repaid, the company shall have a 49% net revenue stake in the Dispensary. Closing of the deal is anticipated to occur on March 31, 2017.
Closing is based upon satisfaction of certain terms and conditions to be noted in the Transaction Documents. This closing conditions will be customary for a deal of this nature, including company’s gaining credit and other internal agreements.
© Copyright 2016 OTC News Magazine. All rights reserved.
Anyway you look at it the company is going to be successful. Product, Structure, Manufacturing, Distribution, Large US Market, Canada Market, UK Market, FDA APPROVAL, WALGREENS, BOOTS, COSTCO, OVER THE COUNTER!!!! THIS IS HUGE FOR A PENNY STOCK. NO SUB PENNY STOCK IS EVEN CLOSE TO MATCHING THIS STOCK. THE SHARES ARE VERY INEXPENSIVE AT THIS POINT. BIEL IS DOING GREAT THINGS FOR THE FUTURE OF THE COMPANY AND INVESTORS. THINK ABOUT HOW MANY PEOPLE THIS IS GOING TO HELP. THE PRODUCTS ARE FANTASTIC FOR POST SURGERY NEEDS. NO DRUGS!!THIS IS HISTORY IN THE MAKING. MAKE THE RIGHT MOVE I KNOW I DID. Do your own DD!
Have a great day
There needs to be some kind of PR coming.
Is this company supposed to merge with NWGC?
It looks like no volume
Whats up with this stock?
The low price of shares is gone. It's time to pay to get in.
This stock is going up! Positive from now on. Let's go BIEL!
Most likely all the inside people have been buying their shares. Expect this to go on a few more days. Once this is done it will move.
Do you think they will do a reverse split? That would be disappointing.
I've seen this stock a few years ago go striaght up in a blink of an eye to 3/4 of a penny. That was just news of FDA approval. This is huge for everyone. What a great time for BIEL. Boots, Walgreens, Costco and Amazon alone will fly high in revenues. This is going to be big time. Wait until big Parma wants to buy them out. Hold onto your shares this is going to be huge.
I agree 100%.
Let's go BIEL!
Let's go Biel! Very positive position right now for BIEL.
We should start ramping up! Looks like Biel and Braun are making the right moves. Add FDA news and this one goes straight up! Have a great day everyone.
Well its nice to see positive comments on the board. I've been away for awhile. I think Biel has great products and will be a market changer. I wish everyone good luck! Have a great day
Great opportunity at a ground floor buy in. Ive found no other pink sheet stock that has this potential and has products in stores. It looks to me that everything is falling in place for this to be a successful venture. Make your own decision and listen to normal reasoning. I was taught as a child to be confident and positive. The right thing to do here for me is to beleive that this will succeed and be profitable. Everyone have a great day.
Great Moves Made By BIEL! Market Place Penetration. Way To Position Products! This Is A Great Leverage Tool. I'm Proud to Own Shares. Have A Great Day Everyone!
GREAT POSITIONING BIEL!
I BELIEVE IN BIEL! LETS THINK POSITIVE!
I LOVE TO SEE A COMPANY SUCCEED. GREAT JOB BIEL WITH THE STEPS AND DIRECTION OF THE COMPANY. THIS IS DEFINETLY SOMETHING TO BE HAPPY ABOUT.
I LIKE THE STRONG MOVES BY BIEL. GETTING IN THE STORE CHAINS IS KEY. MORE EXPOSURE. LETS GO BIEL!
BIEL IS BEING VERY AGGRESSIVE GETTING INTO MAJOR STORE CHAINS. LEVERAGE FOR FDA APPROVAL. THIS IS A VERY SMART MOVE. HAVE A GREAT NIGHT EVERYONE!
This is a beginning not an end. To move forward you can't look into the past. I see great things coming. Lets go Biel!
#10 on the break out board!
Major accomplishments by BIEL. Who cares how long it took. All that matters is that it is here now. I look forward to seeing the rise of a company. Things just don't happen over night. Great job BIEL! I can't wait to see the success that you well deserve. Helping people without drugs. I take my hat off to you. Have a great day everyone.
BIEL GREAT COMPANY WITH GREAT PRODUCTS! IM LOOKING FORWARD TO THE SUCCESS OF THE COMPANY AND THE PEOPLE THAT STAND BEHIND THEM. HAVE A GREAT DAY EVERYONE,
Most start up companies don't ever get out of the development stage. This company has products, distributors, stores selling and bringing in inventory. Submitted 510k to FDA. The writing is on the wall. Let's go BIEL! Sounds like success to me.
This Is Going To Get Crazy! Don't Blink!
Good Morning BIEL! Time To Run!
It Looks Like Penny Land Tomorrow!
Let's go Biel! Looking Good For Tomorrow!
Big days are coming. 2014 FDA news sent this soaring. Reclassification news is going to send this up fast. Great news for the company as well as share holders. What a exciting time for all! Have a great day!
This is going to run up fast. Don't blink.
Seven-up I've been hanging in here because of you. I thank you for all the positive remarks that you give out on the board. It's been a long ride and I can't wait to see what happens. Have a great night everyone!
Let's get it on! Go Biel!
Simpsonly I agree. Waiting it out patiently here too. Have a great day.
Wow I think the same thing. Biel may be helping billions of people some day. Great post!