PMCM - Primco Management Enters into Joint Venture with CanMED to Build 30,000 Square Foot Licensed Facility in British Columbia for...
Date : 02/24/2014 @ 6:35AM
Source : PR Newswire (US)
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Primco Management Enters into Joint Venture with CanMED to Build 30,000 Square Foot Licensed Facility in British Columbia for...
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Primco Management, Inc. (QB) (OTCBB:PMCM)
Intraday Stock Chart
Today : Monday 24 February 2014
LOS ANGELES, Feb. 24, 2014 /PRNewswire/ -- Primco Management Inc. (OTCQB: PMCM), a fully integrated multi-media entertainment and real estate development company, today announced that the Company entered into a Joint Venture agreement with CanMed Ventures, a British Columbia company, to build and operate a 30,000 square foot cultivation facility for the production of medical marijuana. The company expects to be fully licensed within 6 months. First year revenues are projected to exceed $20 million.
"This is the most exciting announcement in the history of Company," stated David Michery, CEO. "Primco has made a corporate decision to become a major player in the medical cannabis industry and the construction of a facility of this nature is the first step in building a $100 million company. We are extremely excited to be partnering up with CanMED, under the leadership of David Irwin, the company's CEO. As an experienced and successful project manager, David will be instrumental in the long term growth of our Canadian operations as well as providing the expertise needed to build state of the art facilities across North America. We are very fortunate to be working with David and his team and look forward to a long and very successful partnership."
The Joint Venture will produce and dispense legal medical cannabis to Health Canada patients in British Columbia. CanMED expects to complete the licensing process in the next few months, Construction is expected to begin once Primco secures a suitable location.
About Primco Management Inc.:
Through its wholly-owned subsidiaries, ESMG Inc., Top Sail Productions and D & B Music, Inc., the Company operates as an integrated entertainment company with divisions in music and film production and distribution. Primco also operates in various aspects of the real estate industry. (For additional information, visit www.primcousa.com).
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
Contact:
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David Michery, CEO
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(562) 565-9967
SOURCE Primco Management Inc.
Copyright 2014 PR Newswire
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