$NGMC news from the 25th: Next Generation Energy's (OTCQB: NGMC) wholly owned subsidiary, NextGen Cannabis Consulting, LLC, today announced that it has executed a lease for a new medical marijuana dispensary in Hollywood, California.
Darryl Reed, CEO of NGMC, said the dispensary should be open to patients by June 1, 2014. "We will continue to seek out additional locations as part of our aggressive strategy to open multiple dispensaries in Southern California," Mr. Reed said.
"The opening of this new dispensary will allow NGMC to implement our Dispensary Manage System (DMS), which we have spent a great deal of time and effort planning. This includes a full suite of cannabis management software that provides seed to sale inventory control, point of sale and financial reporting. Our systems will meet or exceed current California rules and regulations. NGMC will also implement a state of the art audio/video security system and 24 hour monitoring," Mr. Reed said.
In addition to its dispensary operations NGMC is researching a warehouse location to operate its medical marijuana growing facility. "We will install state of the art equipment and horticulture techniques to accommodate the needs of our patients. We will be offering the highest quality medical marijuana from well-known strains to our patients," Mr. Reed concluded.
("Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.)
Contact: Paul Knopick
E & E Communications
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SOURCE NextGen Cannabis Consulting
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