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Re: nupapa post# 2039

Monday, 02/26/2018 10:56:45 AM

Monday, February 26, 2018 10:56:45 AM

Post# of 2631
REPUTABLE MARIJUANA CULTIVATOR MERGING into VUME! DEFINITVE AGREEMENT SIGNED!

Alternative Solutions was one of the First 6 marijuana cultivators picked to be licensed in Washington DC back in 2012! These companies were vetted before winning this bid! Doing a search of Montana Apothecary dba Alternative solutions shows this was covered by Major news sources. Can we expect that the news of them going public will also get covered? Time will tell.

Recently they just signed a 5 year deal with a well known marijuana company, Tikun Olam.

Here are some articles about their licensing back in 2012 and about their latest deal.


The DC government today notified six groups that they are eligible to register for a license to operate medical marijuana cultivation centers. All six are in Northeast. They were chosen by what the Department of Health called an expert panel, with additional input from Advisory Neighborhood Commission members. The cultivation centers will grow marijuana that will then be made available to distribution centers.



Read more here:

https://www.washingtonian.com/2012/03/30/dc-names-six-groups-as-eligible-to-grow-medical-marijuana/



The DC government today notified six groups that they are eligible to register for a license to operate medical marijuana cultivation centers. All six are in Northeast. They were chosen by what the Department of Health called an expert panel, with additional input from Advisory Neighborhood Commission members. The cultivation centers will grow marijuana that will then be made available to distribution centers.



read more here:

http://www.cannabisbusinesstimes.com/article/tikun-olam-partners-with-alternative-solutions/


TODAY'S NEWS ABOUT THE DEFINITVE AGREEMENT


VuMee Inc. Enters Definitive Agreement to Purchase Operator of Medical Marijuana Cultivation Centers
(via TheNewswire)

Montana Apothecary LLC and DC's Finest, LLC cultivate medical marijuana for the Washington, D.C., area. Company plans to expand into other markets following closing of acquisition

Washington, D.C. /TheNewswire /February 26, 2018 - VuMee Inc. (OTCMKTS: VUME) ("VuMee") today announced that on February 23, 2018, it entered into a Share Exchange Agreement by which it plans to issue its common stock in exchange for 100% of the equity interests in each of Montana Apothecary, LLC (d.b.a. Alternative Solutions Cultivation Center) and DC's Finest LLC (the "Target Companies"). Montana Apothecary LLC develops and operates medical marijuana cultivation centers which sell to fully-licensed medical marijuana distributors in the Washington, D.C., metro area. The company currently operates an 18,000 square foot cultivation center, and is developing a second cultivation center, both within Washington, D.C., city limits. DC's Finest, LLC owns licenses and permits to cultivate medical marijuana but currently does not engage in cultivation operations.

Vumee President and CEO Sean Jahanian said, "Upon the closing of the share exchange, VuMee plans to issue an amount of common stock which would result in the members of the Target Companies owning a majority of the voting stock of VuMee. The Share Exchange Agreement also obligates VuMee to provide operating capital for the Target Companies, and to renegotiate the Target Companies' existing debt obligations." The Share Exchange Agreement contains standard representations and warranties, covenants and closing conditions and may be terminated in the event that either party cannot meet its closing obligations within 90 days. The parties intend to close the share exchange in the first quarter of 2018.

In addition to serving the Washington, D.C., market, the Target Companies plan to expand into other domestic and international markets.



https://www.otcmarkets.com/stock/VUME/news/story?e&id=1013989




All of my posts are my opinion only and are not meant to be investment advice.