$AFPW .0005 AlumiFuel Issues LOI for Meds R Us
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Posted On: 03/09/2017 9:29:12 AM
$AFPW .0005
AlumiFuel Issues LOI for Meds R Us
CENTENNIAL, CO -- (Marketwired) -- 03/09/17 -- AlumiFuel Power Corporation (OTC PINK: AFPW) ("AlumiFuel" or the "Company"
today announced that it has issued a Letter of Intent to acquire SDNCMMC, Inc d/b/a Meds R Us, a medical marijuana dispensary in Vista, CA.
SDNCMMC, Inc. has been an alternative medicine practitioner since 2012 and distributes medical marijuana to customers in a comfortable, relaxed environment. As a first-rate cannabis dispensary in San Diego County, they specialize in offering high-grade medical marijuana. SDNCMMC, Inc., doing business as Meds R Us, has received over 106,000 hits on the popular marijuana directory, weedmaps.com. Meds R Us is rated 4.7 stars and has received 171 reviews on the site.
Under the terms of the LOI, current management of Meds R Us would be retained and enter into a five year employment contract with the goal of expanding Meds R Us to additional locations in states that have legalized medicinal uses of cannabis. Closing of the acquisition is subject to final due diligence, required regulatory and compliance approval, and completion of debt and equity financing.
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AlumiFuel Issues LOI for Meds R Us
CENTENNIAL, CO -- (Marketwired) -- 03/09/17 -- AlumiFuel Power Corporation (OTC PINK: AFPW) ("AlumiFuel" or the "Company"
today announced that it has issued a Letter of Intent to acquire SDNCMMC, Inc d/b/a Meds R Us, a medical marijuana dispensary in Vista, CA. SDNCMMC, Inc. has been an alternative medicine practitioner since 2012 and distributes medical marijuana to customers in a comfortable, relaxed environment. As a first-rate cannabis dispensary in San Diego County, they specialize in offering high-grade medical marijuana. SDNCMMC, Inc., doing business as Meds R Us, has received over 106,000 hits on the popular marijuana directory, weedmaps.com. Meds R Us is rated 4.7 stars and has received 171 reviews on the site.
Under the terms of the LOI, current management of Meds R Us would be retained and enter into a five year employment contract with the goal of expanding Meds R Us to additional locations in states that have legalized medicinal uses of cannabis. Closing of the acquisition is subject to final due diligence, required regulatory and compliance approval, and completion of debt and equity financing.
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