$IDGC: ID Global Corporation Executes Definitive Agreement with World of Marihuana Productions LTD. in British Columbia
Date : 10/20/2014 @ 7:00AM
Source : PR Newswire (US)
Stock : Idglobal Corp. (PC) (IDGC)
CHICAGO, Oct. 20, 2014 /PRNewswire/ -- ID Global Corp. (OTC: IDGC) is pleased to announce that it has executed a definitive agreement with World of Marihuana Productions, LTD. (WMP) wherein IDGC will begin with a 7.5% income participation on all current and future operations.
WMP has projected revenues of $13.3 million US dollars for the year 2015 with a gross profit margin of over 60% and a year over year growth of 15% respectively.
Sebastien DuFort, president and CEO stated, "We are very pleased to officially partner with WMP and are excited to get to work right away on expanding their current operations. IDGC has an enormous opportunity here as Canada continues to decriminalize its marijuana laws."
About World of Marihuana Productions, LTD.
World of Marihuana Productions, LTD. (WMP) has been growing Medical Marijuana for over 5 years and currently owns and operates multiple grow operations throughout British Columbia. WMP has production capabilities to service thousands of clients with the ability to expand rapidly. Management's knowledge and expertise in the Marijuana industry has shown steady growth in their operations since inception. www.worldofmarihuana.com/
About ID Global Corporation
ID Global Corporation (IDGC) is a diversified holdings company with a focus on emerging and middle market investment opportunities in North America. IDGC seeks, through debt and equity investments, minority positions as well as controlling interests in established companies and special situation start-ups.
- Go IDGC
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