Posted On: 11/05/2015 9:00:38 AM
Post# of 99177
Latest LOI news for $BTFL , looks good!
Monarch America Signs Letter of Intent With Malama Wellness in Hawaii for Marijuana Cultivation Facility
http://finance.yahoo.com/news/monarch-america...00023.html
DENVER, CO--(Marketwired - Sep 28, 2015) - Monarch America, Inc. (OTCQB: BTFL) ("Monarch America" or the "Company"
is pleased to announce that it has signed a Letter-of-Intent (the "LOI" with Malama Wellness, LLC ("Malama Wellness" , developers of a planned medical marijuana business in Hawaii.
The LOI contemplates the parties entering into a definitive management consulting agreement pursuant to which Monarch will oversee and manage all facets of a marijuana operation as specified by Malama Wellness in Hawaii, including property management, technology and equipment leasing to inventory control, staffing, and day-to-day operational management.
"We continue to expand our marijuana consulting and advisory business into new states with strong established local partners," commented Eric Hagen, CEO of Monarch America. "Our team looks forward to assisting Malama Wellness with the design and operation of their new state-of-the-art medical marijuana facility in Hawaii."
"Partnering with Monarch America's marijuana consulting business to design and operate our new medical marijuana facility in Honolulu will allow us to leverage their industry knowledge and unique hands-on operational experience," stated Tak-Sang Cheng, Managing Partner of Malama Wellness, LLC. "I am confident that Monarch's involvement in the management of our new facility will be a cost-effective way to build and maintain the best-possible medical marijuana focused business in Hawaii."
Monarch and Malama Wellness shall use their best efforts to close the transaction as promptly as possible. The agreement to be negotiated and entered into by the parties will contain the usual and customary representations, warranties, covenants, and conditions, including but not limited to: satisfactory results of the parties due diligence investigations, obtaining the appropriate financing or commitment, approval of all necessary and related documents and agreements, and approvals of the State of Hawaii as required. There can be no assurance that any transaction will be completed as proposed or at all.
Monarch America Signs Letter of Intent With Malama Wellness in Hawaii for Marijuana Cultivation Facility
http://finance.yahoo.com/news/monarch-america...00023.html
DENVER, CO--(Marketwired - Sep 28, 2015) - Monarch America, Inc. (OTCQB: BTFL) ("Monarch America" or the "Company"
is pleased to announce that it has signed a Letter-of-Intent (the "LOI" with Malama Wellness, LLC ("Malama Wellness" , developers of a planned medical marijuana business in Hawaii. The LOI contemplates the parties entering into a definitive management consulting agreement pursuant to which Monarch will oversee and manage all facets of a marijuana operation as specified by Malama Wellness in Hawaii, including property management, technology and equipment leasing to inventory control, staffing, and day-to-day operational management.
"We continue to expand our marijuana consulting and advisory business into new states with strong established local partners," commented Eric Hagen, CEO of Monarch America. "Our team looks forward to assisting Malama Wellness with the design and operation of their new state-of-the-art medical marijuana facility in Hawaii."
"Partnering with Monarch America's marijuana consulting business to design and operate our new medical marijuana facility in Honolulu will allow us to leverage their industry knowledge and unique hands-on operational experience," stated Tak-Sang Cheng, Managing Partner of Malama Wellness, LLC. "I am confident that Monarch's involvement in the management of our new facility will be a cost-effective way to build and maintain the best-possible medical marijuana focused business in Hawaii."
Monarch and Malama Wellness shall use their best efforts to close the transaction as promptly as possible. The agreement to be negotiated and entered into by the parties will contain the usual and customary representations, warranties, covenants, and conditions, including but not limited to: satisfactory results of the parties due diligence investigations, obtaining the appropriate financing or commitment, approval of all necessary and related documents and agreements, and approvals of the State of Hawaii as required. There can be no assurance that any transaction will be completed as proposed or at all.
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