EFFI Set for growth in MJ sector "Efftec is now recording an average of $200,000+ of top line sales revenue each quarter. Efftec is now majority owner of the $200,000+ product inventory and business assets held at The Future Farms®. Efftec will now have the means to sell its unique brands through its retail stores. Efftec is well positioned to grow, is assembling a great management team and is grateful for your support as we grow."
"The acquisition of The Future Farms® brings with it decades old buying relationships with wholesale distribution companies allowing Efftec to rapidly expand its hydroponic retail locations throughout Florida in advance of the potential changes to Florida laws this November which are project to increase single store annual revenues to $1.5M-$2M USD."
"With 2015 single store sales close to $1M USD including actual net profits and a projected sales increase in 2016."
"Based on these developments, the Company now expects business to accelerate quickly as the State of Florida enters one of its primary growing seasons. Dr. John Morris, CEO of Efftec International, Inc. noted, "We are very pleased and excited to be working with Regions Bank as they see our business growing profitably by extending business credit. In addition, we will not have to tap the equity markets for any toxic financing based on the amount of credit we were provided. We are now cash flow positive and see no need for additional financing in the short term. We continue to look for accretive acquisitions that would increase our return on investment to our shareholders."
