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Re: JTHawk post# 14702

Saturday, 04/22/2017 3:54:38 PM

Saturday, April 22, 2017 3:54:38 PM

Post# of 21832
I provided a link to the 10-K previously. It's not hard to find this:

As of December 31, 2016, the Company has derived a total of $30,515 in management fees from its management of Harris Lee Colorado, LLC through Harris Lee Holdings, LLC, which oversaw a cannabis testing laboratory in Denver, Colorado. As of December 31, 2016, the cannabis testing laboratory in Denver, Colorado is closed and the Company does not have any plans to re-open the facility in the near future.



http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12007520 (page 3, bottom)

Lastly, Harris Lee Holdings, LLC, due to Colorado residency requirements, entered into an advisory agreement with Harris Lee Colorado, LLC, Harris Lee Holdings, LLC has sub-licensed the testing protocols to Harris Lee Colorado, LLC in exchange for a management fee for each test conducted. The Colorado MED approved the transfer of management of an existing laboratory, operating as Steep Hill Colorado, to Harris Lee Colorado, LLC (a related party) and Harris Lee Holdings, LLC has derived management fees from Harris Lee Colorado, LLC in the year ending December 31, 2016. All 2016 revenue was derived from these related-party management fees for the year ended December 31, 2016. However, because of the failure to transfer the MED license to Harris Lee Colorado, LLC, the Denver laboratory was closed by the end 2016. Currently, operations have not come back online and the Company is concentrating its focus on MA & Associates, LLC in Nevada.



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