NEWS!!
David Michery, CEO stated “Primco has made a corporate decision to become a major player in the medical cannabis industry.”
We like PMCM because they are investing in the nuts and bolts of the cannabis industry, cultivation, distribution and facilities. On March 7, 2014, PMCM entered into an asset purchase agreement with Jessica Vance, the owner of Suzie Q’s NPO and Puget Power Co LLC, which is a cultivation and distribution company located at 12710 Aurora Ave N, Seattle, WA 98133. Suzie Q’s has been in operation for more than 4 years and serves over 1,500 clients. The acquired business consists of permits and licenses issued by the City of Seattle for the cultivation and sale of medical cannabis to patients, as well as the lease on the facility, and all necessary equipment and furniture. Suzie Q’s is a well know, well established firm in Seattle, catering to connoisseurs with over 30 blends of cannabis.
Suzie Q’s location is discreet and members enjoy having a safe place to park, in a private parking lot and a fully secure property. Customers feel comfortable at Suzie Q’s, the lobby is like stepping into your grandma’s kitchen, and you feel at home and at ease. You can take your time to look around; the staff is knowledgeable and can help you identify the product that best suits you.
PMCM will be purchasing, free and clear of all liabilities, all rights, permits, licenses, applications, records, leases, equipment, and any other assets related to the acquired business. This sale will close on March 31, 2014. The company has to pay Ms. Vance a total cash payment of $250,000 and 25,000,000 common shares. As an ongoing business, the acquisition of Suzie Q’s should generate revenue and cash flow immediately.
PMCM entered into a consulting agreement with Jessica Vance. Under this agreement, Ms. Vance will provide consulting services to the registrant regarding the transfer of operations and assets, and to assist in the transfer of the Washington State Producer Processor Tier 1 License from Ms. Vance to David Michery, the chief executive officer of the PMCM.
In February the Company entered into a Joint Venture agreement with CanMed Ventures, a British Columbia company, to build and operate a 30,000 square foot cultivation facility for the production of medical marijuana. The company expects to be fully licensed within 6 months.
AI
