Replies to post #71196 on Primco Management Inc (fka PMCM)

[NorthShoreTrading]

This is why we fly into July 8th, screw Suzie Q's:

Primco Management Enters Into Agreement to Acquire 10 Acre Parcel Zoned for Medical Marijuana in Northeast Seattle Area
Company to Build and Manage Two 30,000 Sq Ft Tier 3 Producer/Processing Plants Under 99-Year Management Contracts with Pending Licensees

LOS ANGELES, April 16, 2014 /PRNewswire/ -- Primco Management Inc. (otcqb:PMCM), a medical marijuana real estate management and multi-media company, today announced that the Company has entered into an agreement with private land owners to acquire two five acre parcels zoned for medical marijuana cultivation in Snohomish County, Washington, where the Company plans to build two 30,000 square foot production facilities. Primco has signed letters of intent with Alon LLC and Lano LLC to manage the production and sale of medical cannabis on the 2 parcels, pending the issuances of their respective Tier 3 licenses. Terms of the management agreements include terms of 99 years with Primco retaining 98% of gross revenues.

"The acquisition of land and subsequent construction of at least 2 separate 30,000 foot facilities coupled with the acquisition of Suzie Q's, cements our position in the Washington State market," stated David Michery, CEO. "Although the Tier 3 licensing allows for the production of recreational cannabis, we continue to stress the fact that Primco's business plans calls for the production of medical marijuana only and will continue to do so for the foreseeable future. The Suzie Q's brand has represented the highest quality medicine and our intention is to introduce additional strains into the marketplace and to make our medicine available to all patients in the state of Washington."

The Snohomish projects, once completed, will provide for the cultivation of up to 5 tons of medical marijuana on an annual basis.

"I am very pleased and excited to be working with such a positive, enterprising and expedient management company," stated Larry Nelson, President of Lano LLC. "I am sure that this will be a very profitable relationship for all involved. I am convinced that Primco's foresight and innovative skills will be envied by many in the industry for years to come."