$NGMC's wholly owned subsidiary, NextGen Cannabis Consulting, LLC, announced that it has executed a lease for a new medical marijuana dispensary in Hollywood, California.
Darryl Reed, CEO of NGMC, said the dispensary should be open to patients by June 1, 2014. "We will continue to seek out additional locations as part of our aggressive strategy to open multiple dispensaries in Southern California," Mr. Reed said.
"The opening of this new dispensary will allow NGMC to implement our Dispensary Manage System (DMS), which we have spent a great deal of time and effort planning. This includes a full suite of cannabis management software that provides seed to sale inventory control, point of sale and financial reporting. Our systems will meet or exceed current California rules and regulations. NGMC will also implement a state of the art audio/video security system and 24 hour monitoring," Mr. Reed said.
In addition to its dispensary operations NGMC is researching a warehouse location to operate its medical marijuana growing facility. "We will install state of the art equipment and horticulture techniques to accommodate the needs of our patients. We will be offering the highest quality medical marijuana from well-known strains to our patients," Mr. Reed concluded.
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