Replies to post #30890 on IDGlobal Corp (IDGC)

[RookieStockPicker]

.001 close for the week, was nice to see. Maybe we can hit .0014 this week. Lots of momentum building here!

[TPX]

Medical Marijuana under the MMPR: A new crop of legal considerations

READ ON THIS:

http://www.mcmillan.ca/Files/174769_Medical%20Marijuana%20under%20the%20MMPR.pdf

Licensed Canadian growers~

http://www.hc-sc.gc.ca/dhp-mps/marihuana/info/list-eng.php

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Just imagine if cannafarm was idgc partner or in talks with them

cannafarms.ca/pages/about-us

45 years of combined experience located in b.c

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104687148

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About which company is it?

ID Global Corp. (OTC:IDGC) is pleased to announce that it has signed a Letter of Intent (LOI) today to begin the due diligence process with an established Medical Marijuana grower in Vancouver BC, Canada. The company has been growing Medical Marijuana for 5 years. They currently own and operate multiple grow operations throughout British Columbia. They have production capabilities to service thousands of clients with the ability to expand rapidly. Management's knowledge and expertise in the Marijuana industry has shown steady growth in their operations since inception. Due to the covenants of the LOI the company's name cannot be released until the due diligence period is complete.

http://ih.advfn.com/p.php?pid=nmona&article=63001257

[TPX]

Health Canada Overrun by Medical Marijuana License Applications

Health Canada, the government agency tasked with regulating the country’s medical marijuana program, is being overrun with applications requesting new licensing for production under the Marihuana for Medical Purposes Regulations (MMPR).

The agency reported that 156 applications had been submitted through last September – that number tripled by February and then doubled again in another three months. This “greenrush” has seen a diverse range of those looking to grab a piece of the grow business – everyone from hopeful basement growers and well-backed, experienced ganjapreneurs to even a pivoting junior mining firm.

Health Canada Article Pic 1

By and large, bureaucracy, red-tape, and underfunding have been given the blame for the bottleneck. The MMPR opened up Health Canada to applications last year and they first started coming in at a slow drip. That trickle has now turned into a flood with the agency not able to keep up with the deluge.

Many newcomers trying to make it in the grow business are enduring long waiting periods. There is also the sticking point of newly introduced regulations from April 1, which threatens the country’s cottage industry of home growers. Changes to the review process for licensing are an issue to many – and meeting Health Canada’s extensive and exacting standards has proven a difficult task. According to Sara Lauer with Health Canada, of the 858 applications received as of May 20, 370 were returned as incomplete, 149 were refused, and 30 were withdrawn.

There are currently only 13 authorized licensed producers under the MMPR. Any producer that wants to join the list must go through checks and inspections for security personnel, security requirements, record-keeping equipment, and quality control requirement. Health Canada does not have a limit on of producers it can add to its list, however all must pass the onerous conditions.

While some applicants sit in limbo, their grow spaces sit vacant and unplanted and investors become tired. Umar Syed, president of CannaMart Inc., based in Toronto and waiting since October for licensing, says that, “They’re dealing with a situation they weren’t prepared for.”

Tapping into the estimated 500,000 Canadians currently using marihuana as medical treatment has enormous room for future growth. Health Canada estimates that by 2024, medical marijuana sales in the Canada will reach $1.3 billion.

http://marijuana.com/news/2014/06/health-canada-overrun-by-medical-marijuana-license-applications/

Licensed Canadian growers~

http://www.hc-sc.gc.ca/dhp-mps/marihuana/info/list-eng.php

##################################################################

Just imagine if cannafarm was idgc partner or in talks with them

cannafarms.ca/pages/about-us

45 years of combined experience located in b.c

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104687148

##################################################################

About which company is it?

ID Global Corp. (OTC:IDGC) is pleased to announce that it has signed a Letter of Intent (LOI) today to begin the due diligence process with an established Medical Marijuana grower in Vancouver BC, Canada. The company has been growing Medical Marijuana for 5 years. They currently own and operate multiple grow operations throughout British Columbia. They have production capabilities to service thousands of clients with the ability to expand rapidly. Management's knowledge and expertise in the Marijuana industry has shown steady growth in their operations since inception. Due to the covenants of the LOI the company's name cannot be released until the due diligence period is complete.

http://ih.advfn.com/p.php?pid=nmona&article=63001257

[TPX]

Medical Marijuana Industry Revenue Could Reach $8.4 Billion

IBISWorld Research published a report that determined the medical marijuana industry revenue could reach $8.4 billion by 2019. That's a growth rate of 18.7% annually. Revenue is expected to grow 63.1% in 2014 alone. However, analyst David Yang points out there are many headwinds facing the industry, such as the regulatory environment and the restrictive barriers to entry. Surprisingly edible marijuana products command 54% of the marijuana market share. Because of the various state laws, medical marijuana is mostly a small business operation, but it expected to pay over $750 million in wages.

http://www.thestreet.com/video/12747902/medical-marijuana-industry-revenue-could-reach-84-billion.html

UPDATED: ID Global Corporation Signs Letter of Intent With Established Medical Marijuana Grower

Jul 24, 2014
OTC Disclosure & News Service

CHICAGO, July 24, 2014 (GLOBE NEWSWIRE) -- ID Global Corp. (OTC:IDGC) is pleased to provide an update pursuant to the execution of the LOI announced on July 23, 2014.

The letter of intent is at least partially binding and subject to due-diligence. However, the following covenants are binding legal obligations and are not subject to due diligence:

$20,000 Deposit to be provided by IDGC for a 5-acre parcel of land with plans to construct a 20,000 sq. ft. facility.
IDGC shall have access to, and have an unrestricted right to use otherwise confidential information of this established Medical Marijuana grower in Vancouver BC, Canada, consisting of intellectual property rights, related to but not limited to the growing of marijuana in a highly efficacious manner, as illustrated in its current business plan and to be further developed by IDGC, coupled with the potential filing of an S-1 for this marijuana grower.
Accordingly, while we believe there are many reasons that transaction will be consummated, even though the document is captioned as a letter of intent, IDGC retains valuable rights even if a transaction is not consummated. Accordingly, the expenditure of the $20,000 nonrefundable amount enables IDGC to continue its quest to profitably pursue the medical marijuana business. Nonetheless, investors are cautioned that IDGC has not yet entered this business.

http://www.otcmarkets.com/stock/IDGC/news/UPDATED--ID-Global-Corporation-Signs-Letter-of-Intent-With-Established-Medical-Marijuana-Grower?id=84952&b=y

CHICAGO, July 23, 2014 (GLOBE NEWSWIRE) -- ID Global Corp. (OTC:IDGC) is pleased to announce that it has signed a Letter of Intent (LOI) today to begin the due diligence process with an established Medical Marijuana grower in Vancouver BC, Canada. The company has been growing Medical Marijuana for 5 years. They currently own and operate multiple grow operations throughout British Columbia. They have production capabilities to service thousands of clients with the ability to expand rapidly. Management's knowledge and expertise in the Marijuana industry has shown steady growth in their operations since inception. Due to the covenants of the LOI the company's name cannot be released until the due diligence period is complete.

Sebastien DuFort, president and CEO stated "We have been carefully seeking a way to enter the industry. With legalization happening in multiple markets we wanted to partner with an established outfit to be part of this huge opportunity. The slated growth for Medical Marijuana is enormous and we feel this would position IDGC to become an industry leader."

http://www.otcmarkets.com/stock/IDGC/news/ID-Global-Corporation-Signs-Letter-of-Intent-With-Established-Medical-Marijuana-Grower?id=84845&b=y

CHICAGO, July 22, 2014 (GLOBE NEWSWIRE) -- ID Global Corp. (OTC:IDGC) is pleased to announce that it has retained Securities Counselors, Inc. (SCI), a law firm specializing in securities law, with a focus on OTC companies, to handle all corporate legal needs as well as to assist in asset recovery of current portfolio companies and help navigate the legal maze of the medical marijuana industry.

Sebastien DuFort, president and CEO, stated, "We have been working with SCI for some time and are pleased to officially bring them aboard as corporate counsel. We feel that their background in representing medical marijuana companies and their overall knowledge of OTC legal requirements will help us navigate this treacherous landscape of conflicting state and federal laws. We feel that the legal advice that we seek from SCI is imperative and critical, given the fact that while the use, distribution and growing of medical marijuana has been legalized by some states, federal law still prohibits these activities. Investors are cautioned that we are not in the medical marijuana industry at this time."

http://www.otcmarkets.com/stock/IDGC/news/ID-Global-Corporation-Retains-Securities-Counselors--Inc--as-Corporate-Counsel?id=84798&b=y

[jcabrer]

What was the on the cover before?

[TPX]

Medical Marijuana in Canada Set to Boom

http://www.finanzen.net/nachricht/aktien/Medical-Marijuana-in-Canada-Set-to-Boom-3341627

Quote:
UPDATED: ID Global Corporation Signs Letter of Intent With Established Medical Marijuana Grower

Jul 24, 2014
OTC Disclosure & News Service

CHICAGO, July 24, 2014 (GLOBE NEWSWIRE) -- ID Global Corp. (OTC:IDGC) is pleased to provide an update pursuant to the execution of the LOI announced on July 23, 2014.

The letter of intent is at least partially binding and subject to due-diligence. However, the following covenants are binding legal obligations and are not subject to due diligence:

$20,000 Deposit to be provided by IDGC for a 5-acre parcel of land with plans to construct a 20,000 sq. ft. facility.
IDGC shall have access to, and have an unrestricted right to use otherwise confidential information of this established Medical Marijuana grower in Vancouver BC, Canada, consisting of intellectual property rights, related to but not limited to the growing of marijuana in a highly efficacious manner, as illustrated in its current business plan and to be further developed by IDGC, coupled with the potential filing of an S-1 for this marijuana grower.
Accordingly, while we believe there are many reasons that transaction will be consummated, even though the document is captioned as a letter of intent, IDGC retains valuable rights even if a transaction is not consummated. Accordingly, the expenditure of the $20,000 nonrefundable amount enables IDGC to continue its quest to profitably pursue the medical marijuana business. Nonetheless, investors are cautioned that IDGC has not yet entered this business.

http://www.otcmarkets.com/stock/IDGC/news/UPDATED--ID-Global-Corporation-Signs-Letter-of-Intent-With-Established-Medical-Marijuana-Grower?id=84952&b=y

CHICAGO, July 23, 2014 (GLOBE NEWSWIRE) -- ID Global Corp. (OTC:IDGC) is pleased to announce that it has signed a Letter of Intent (LOI) today to begin the due diligence process with an established Medical Marijuana grower in Vancouver BC, Canada. The company has been growing Medical Marijuana for 5 years. They currently own and operate multiple grow operations throughout British Columbia. They have production capabilities to service thousands of clients with the ability to expand rapidly. Management's knowledge and expertise in the Marijuana industry has shown steady growth in their operations since inception. Due to the covenants of the LOI the company's name cannot be released until the due diligence period is complete.

Sebastien DuFort, president and CEO stated "We have been carefully seeking a way to enter the industry. With legalization happening in multiple markets we wanted to partner with an established outfit to be part of this huge opportunity. The slated growth for Medical Marijuana is enormous and we feel this would position IDGC to become an industry leader."

http://www.otcmarkets.com/stock/IDGC/news/ID-Global-Corporation-Signs-Letter-of-Intent-With-Established-Medical-Marijuana-Grower?id=84845&b=y

CHICAGO, July 22, 2014 (GLOBE NEWSWIRE) -- ID Global Corp. (OTC:IDGC) is pleased to announce that it has retained Securities Counselors, Inc. (SCI), a law firm specializing in securities law, with a focus on OTC companies, to handle all corporate legal needs as well as to assist in asset recovery of current portfolio companies and help navigate the legal maze of the medical marijuana industry.

Sebastien DuFort, president and CEO, stated, "We have been working with SCI for some time and are pleased to officially bring them aboard as corporate counsel. We feel that their background in representing medical marijuana companies and their overall knowledge of OTC legal requirements will help us navigate this treacherous landscape of conflicting state and federal laws. We feel that the legal advice that we seek from SCI is imperative and critical, given the fact that while the use, distribution and growing of medical marijuana has been legalized by some states, federal law still prohibits these activities. Investors are cautioned that we are not in the medical marijuana industry at this time."

http://www.otcmarkets.com/stock/IDGC/news/ID-Global-Corporation-Retains-Securities-Counselors--Inc--as-Corporate-Counsel?id=84798&b=y

[elkonig]

Do you know how much PSW was paid for the IDGC promo and from whom?