iBrands Corporation Set to Expand into the Legaliz
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Posted On: 03/25/2014 8:49:19 PM
iBrands Corporation Set to Expand into the Legalized Marijuana Sector
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Atlanta, GA / February 24, 2014 / ACCESSWIRE / iBrands Corporation (OTCPink: IBRC ), http://www.ibrandscorporation.com/ , a holding company targeting the merger and acquisition of niche brands positioned for rapid growth through proven products, today announces the company’s interest in pursuing the Medicinal and Legalized Marijuana sector.
The company has been presented an opportunity to potentially acquire a business operating in the Medicinal and Legalized Marijuana sector. This has encouraged the company to further investigate several business opportunities that fit into this segment. The next step is to initiate dialogue with these potential acquisition targets and commence comprehensive due diligence.
We have hesitated to move forward as it has been uncertain, until recently, how the US Federal Government will respond to states like Colorado and Washington after their legalization. On February 14th, the Department of Justice and the Financial Crimes Enforcement Network, a division of the United States Department of the Treasury, issued a joint statement and concise parameters allowing banks to do business with Medicinal and Legalized Marijuana businesses. The official release from FinCEN can be found here: http://www.fincen.gov/statutes_regs/guidance/...4-G001.pdf .
Alert
Atlanta, GA / February 24, 2014 / ACCESSWIRE / iBrands Corporation (OTCPink: IBRC ), http://www.ibrandscorporation.com/ , a holding company targeting the merger and acquisition of niche brands positioned for rapid growth through proven products, today announces the company’s interest in pursuing the Medicinal and Legalized Marijuana sector.
The company has been presented an opportunity to potentially acquire a business operating in the Medicinal and Legalized Marijuana sector. This has encouraged the company to further investigate several business opportunities that fit into this segment. The next step is to initiate dialogue with these potential acquisition targets and commence comprehensive due diligence.
We have hesitated to move forward as it has been uncertain, until recently, how the US Federal Government will respond to states like Colorado and Washington after their legalization. On February 14th, the Department of Justice and the Financial Crimes Enforcement Network, a division of the United States Department of the Treasury, issued a joint statement and concise parameters allowing banks to do business with Medicinal and Legalized Marijuana businesses. The official release from FinCEN can be found here: http://www.fincen.gov/statutes_regs/guidance/...4-G001.pdf .
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