$MJMJ BUILDING ASSESTS,,
has signed the contract to purchase The Adagio Bed and Breakfast in Denver Colorado. The Adagio is the home of the Company’s first Bud and Breakfast™. The total purchase price is $1,500,000, of which $1,000,000 will be financed by the Seller. Upon execution of the contract, the Company made a deposit of $50,000. The Company expects the closing to take place on or before May 15, 2015.
Joel C. Schneider, the CEO of The MaryJane Group, Inc., stated, "We are pleased to move forward with the purchase of The Adagio. We have had tremendous success in our first year of operating our Bud and Breakfast and the purchase of The Adagio allows us to continue to build on that success. We are actively seeking additional lodging facilities to expand our business model."
