PMCM .0014 Primco Management Enters into Preliminary Agreement for Launch of Initial Medical Marijuana Cultivation Center
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LOS ANGELES, Feb. 14, 2014 /PRNewswire/ -- Primco Management Inc. (OTCQB: PMCM), a fully integrated multi-media entertainment and real estate development company, is pleased to announce that the Company has signed a conditional lease for the launch of its first medical cannabis cultivation center. Plans call to subdivide the property into up to 6 separate nurseries to be sublet to fully licensed dispensaries in Los Angeles. Final execution of the lease is contingent upon acquiring permits from the local municipality.
"We are extremely excited to announce the acquisition of our initial property for our entry into the medical marijuana property management business. Once we receive conditional approval from the city, we expect to lease out the entire property in the first few weeks," stated David Michery, CEO. "Our Company will deliver a safe, clean and fully compliant rental space for those entities that are licensed for the sale, cultivation or testing of medical cannabis. Primco will lead the way nationally in providing medical marijuana friendly real estate to a rapidly growing industry."
The building is located in the County of Los Angeles. Primco will not engage in the cultivation or sale of medical cannabis and will only provide fully permitted facilities for licensed retailers and growers.
About Primco Management Inc.:
Through its wholly-owned subsidiaries, ESMG Inc., Top Sail Productions and D & B Music, Inc., the Company operates as an integrated entertainment company with divisions in music and film production and distribution. Primco also operates in various aspects of the real estate industry. (For additional information, visit www.primcousa.com).
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
Contact: David Michery, CEO
(562) 565-9967
SOURCE Primco Management Inc.
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