Replies to post #15121 on Rogue Station Companies Inc (RGST)

[nycdream]

News Rogue Station Companies Entered Into An Agreement To Purchase Oregon Based Cannabis Companies
Press Release | 06/05/2019
ADDISON, Texas, June 05, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE – (OTC: RGST) – The Company’s Board of Directors is pleased to announce today that it has entered into an agreement to purchase 100% of 4 Oregon based cannabis companies for $2.5 million in cash. The entities consist of a licensed grow facility focused on seeds and genetics, an established Oregon dispensary, a licensed distributor with 2 locations and a grower’s supply and equipment store. The transaction is contingent upon successful audit, fund raising, license transfer, due diligence and other customary closing conditions. The combined entities are projected to generate approximately $4 million in revenues for 2019, and have historically generated positive cash flows.

“We believe that there is exceptional internal and external growth potential,” said Chairman, Robert Keeler, “and we are really excited by this acquisition because it creates a strong and profitable vertically integrated structure for our aggressive growth plans along the I-5 corridor in Oregon.”