CWIR: Interesting news: IJJP Corporation (IJJC) Clarifies Its Source of Income from the Medical
Cannabis Farming Initiative.
SILVER SPRING, Md., December 29, 2014 (OTC Markets Websites) -- IJJ Corporation (IJJP.PK) provides clarity
regarding its role with the expansion program for Cannabis Medical Farmer initiative. This Press Release is to
ensure that IJJC’s shareholders are fully aware of IJJC’s participation in the November 27, 2014 contract.
IJJC announced on Dec 19, 2014, using ACCESSWIRE via COMTEX, that IJJ Corporation (IJJC) had completed the
negotiations and closed the transactions pursuant to which it holds the contractual right to receive income from
two separate medicinal marijuana farming operations in the amounts of $1,990,625 and $109,688, annually and in
perpetuity, from the Michigan farming operation and the Canadian farming operations, respectively.
To start, IJJC wants our shareholders to understand that our objective is to strengthen our market position for the
benefit of our shareholders. There are five key points we wish to share with our shareholders.
1. IJJC is not in the farming business to produce cannabis medical products, nor is it seeking to obtain a
license, now or in the near future. By design, neither IJJC, nor any of the participating financing public
companies have any direct contact with the production of the product, and never will.
2. IJJC has purchased, with common shares, contractual rights to receive income from two separate
medicinal marijuana farming operations, of $1,990,625 and $109,688 annually, in perpetuity. Our
participation is expressly limited to providing shares, pursuant to a court order, to acquire the fixed
annual payments.
3. Our financial obligation is for the acquisition of the contractual right to fixed periodic payments, from two
separate medical marijuana farming operations, approved by a court order. IJJ C was not a party to the
lawsuit; it only interceded as a mechanism to resolve the litigation. The complete contracts will be
provided shortly on the Cannabisheadliners.com.
4. IJJC wants to assure its shareholders that it’s counsel took extraordinary precautions in order to be as
compliant as possible, by limiting its role as a participating financing public company; IJJC and the other
financing public companies operate in an “arms-length” manner from the farming and processing
operations. The role of IJJC and the other financing public companies is passive in nature, limited to
collecting payments under a legally binding contractual agreement, in the same way as a mortgage
company or banking institution. The contract specifically provides that the financing public companies
“will [not] handle the actual product.” It further provides that the farmers will have “operational
autonomy” and “will operate independently of” the public companies and “any rights [of the public
companies], shall be limited to the maximum extent necessary to comply with any law or any licensing
requirements, or so as not to offend any law or any licensing requirements, whatsoever." Finally, as part
of a “legal savings clause,” the contract further provides: “To the extent that any provision of this
Agreement is determined to be offensive to any law or to any licensing requirement, then such provision
shall instead thereafter be modified to the maximum extent necessary to conform to such legal or
licensure requirements.”
5. All arrangements comply with local and state laws.
IJJ Corporation (IJJC) is an innovative and enterprising company continually seeking to maximize our shareholder
value and IJJC is in the development stage of a B2B private network that offers subscription services to enhance
the profitability of clientele public and private companies.
Our Chairman and President, Clifford Pope, states “This endeavor has two functional tiers; the first is that enhances the
value of our shareholders’ stock and secondly falls into line with our business model for delivering services to small businesses
that enable them to grow and operate more efficiently.”
AI
