Replies to post #89328 on OWC Pharmaceutical Research Corp (OWCP)

[Mariner93]

MEDMAR - Here's the deal IMO:

1. MedMar was formed to try and take advantage of early MMJ approval in certain states. The first being MD. Scroll down to MedMar and hit the + sign.
https://www.washingtonpost.com/graphics/local/md-marijuana/

2. The LLC was formed with Sinai and Baruch being part of the LLC.

3. Sinai and Baruch put up the $300,000 for the loan.

4. MedMar could not get approval to process in MD or PA so the LLC decided to disband(News at 11).

5. The loan was repaid, no harm, no foul.

6. OWCP finds a more suitable partner for US distribution.

7. It's only about US distribution; all other distribution agreements still remain in place.

OWCP repaying the loan to MEDMAR is very good because there will be no conflict of interest that could arise in the future. More importantly it could be a precursor to a much more lucrative partnership. GLTA.