Tickers: PINX:VUME, XOTC:VUMF
Tags: Mining, Telecommunications, Technology
Company provides medical marijuana for the Washington, D.C., area
Scottsdale, AZ / TheNewswire / January 23, 2018 - VuMee Inc. (OTCMKTS: VUME) today announced that on January 17, 2018, it entered into a letter of intent to acquire 100% of the equity interests in Montana Apothecary LLC d.b.a. Alternative Solutions Cultivation Center. The parties plan to structure the transaction as an exchange of equity shares coupled with a debt restructuring and $2 million cash investment into the business of Montana Apothecary LLC. The terms of the letter of intent are not binding on the parties and are subject to the signing of a definitive agreement.
Montana Apothecary LLC develops and operates medical marijuana cultivation centers which sell to fully-licensed medical marijuana distributors in the Washington, D.C., metro area. The company currently operates an 18,000 square foot cultivation center, and is developing a second cultivation center, both within Washington, D.C., city limits. Additionally, the company has executed an agreement to build and operate a third fully-licensed cultivation center in a neighboring state.
The parties to the letter of intent plan to execute a definitive agreement within the first calendar quarter of 2018.
Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Because they discuss future events or conditions, forward-looking statements may include words such as "anticipate," "believe," "intend," "could," "may," "seek," "plan," or similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding business strategies, financing plans and any other statements that are not historical facts. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual future results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements.
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