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GEAR News: IJJ Corporation (IJJP) Announces the Addition of Cannaworx, Inc. of California to Its Medical Marijuana Acquired Joint Venture
IJJ Corporation (IJJP) Announces the Addition of Cannaworx, Inc. of California to Its Medical Marijuana Acquired Joint Venture
Date : 02/12/2015 @ 10:58AM
Source : InvestorsHub NewsWire
Stock : Gear International Inc. (PL) (GEAR)
Quote : 0.0012 0.0 (0.00%) @ 4:00PM
IJJ Corporation (IJJP) Announces the Addition of Cannaworx, Inc. of California to Its Medical Marijuana Acquired Joint Venture
Alert
IJJ Corporation (IJJP) Announces the Addition of Cannaworx, Inc. of California to Its Medical Marijuana Acquired Joint Venture – Contractual Rights of 50% Annual – Income Sharing Program, for Cannaworx, Inc.
SILVER SPRING, MD - February 12, 2015 - InvestorsHub NewsWire - IJJ Corporation (IJJP.PK) announces an agreement with Cannaworx Inc., of California, to provide funding for the expansion of Cannaworx medical marijuana operations to grow and provide various strains of medicinal marijuana (MMJ) to licensed cooperatives, collectives and dispensaries under California State MMJ guidelines. The agreement entitles IJJ Corporation, and other entities, collectively, up to 50% of the net income from the growing, processing and distribution of MMJ in the state of California. As a result of this transaction, IJJ Corporation’s share of MMJ income will increase from the previously announced $2,100,313, annually from other cannabis farming operations, in exchange for stock to be delivered over time. Among the other participants are Gear International (“GEAR”)
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