$MDRM — Where will MDRM get the money for the acquisition
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Posted On: 11/20/2014 7:56:26 PM
$MDRM — Where will MDRM get the money for the acquisition of the MMJ facility?
On May 27, 2014, the Company, through its wholly-owned subsidiary, MDRM Group (Canada) Ltd, entered into an agreement with a Wyoming registered public company (the "Public Company"
, to sell up to forty-nine percent (49%) of the shares of the Potential Licensee, for a total purchase consideration of $2,486,946. At the execution and acceptance of the said agreement, the Private Company paid a non-refundable sum of $23,070 to the Company for the option right granted under the said agreement to acquire shares of the Potential Licensee.
THANK YOU, Easton Pharmaceuticals.
This is the 2.5 million upon licensing from Health Canada. The next 2.5 million owed 1 year from the license approval will, of course, come from revenue of the said facility.
.
Until
On May 27, 2014, the Company, through its wholly-owned subsidiary, MDRM Group (Canada) Ltd, entered into an agreement with a Wyoming registered public company (the "Public Company"
, to sell up to forty-nine percent (49%) of the shares of the Potential Licensee, for a total purchase consideration of $2,486,946. At the execution and acceptance of the said agreement, the Private Company paid a non-refundable sum of $23,070 to the Company for the option right granted under the said agreement to acquire shares of the Potential Licensee. THANK YOU, Easton Pharmaceuticals.
This is the 2.5 million upon licensing from Health Canada. The next 2.5 million owed 1 year from the license approval will, of course, come from revenue of the said facility.
.
Until
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