PMCM - Primco Mngt $ WKN: A1W2TF $ Next 30+Bagger $$$
PRIMCO MANAGEMENT Aktie $ WKN: A1W2TF $ PMCM
ISIN: US74164Q2084
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Primco Management Enters into Preliminary Agreement for Launch of Initial Medical Marijuana Cultivation Center
LOS ANGELES, Feb. 14, 2014 /PRNewswire/ -- Primco Management Inc. (OTCQB: PMCM), a fully integrated multi-media entertainment and real estate development company, is pleased to announce that the Company has signed a conditional lease for the launch of its first medical cannabis cultivation center. Plans call to subdivide the property into up to 6 separate nurseries to be sublet to fully licensed dispensaries in Los Angeles. Final execution of the lease is contingent upon acquiring permits from the local municipality.
"We are extremely excited to announce the acquisition of our initial property for our entry into the medical marijuana property management business. Once we receive conditional approval from the city, we expect to lease out the entire property in the first few weeks," stated David Michery, CEO. "Our Company will deliver a safe, clean and fully compliant rental space for those entities that are licensed for the sale, cultivation or testing of medical cannabis. Primco will lead the way nationally in providing medical marijuana friendly real estate to a rapidly growing industry."
The building is located in the County of Los Angeles. Primco will not engage in the cultivation or sale of medical cannabis and will only provide fully permitted facilities for licensed retailers and growers.
About Primco Management Inc.:
Through its wholly-owned subsidiaries, ESMG Inc., Top Sail Productions and D & B Music, Inc., the Company operates as an integrated entertainment company with divisions in music and film production and distribution. Primco also operates in various aspects of the real estate industry. (For additional information, visit www.primcousa.com).
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to,government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
Contact: David Michery, CEO
(562) 565-9967
SOURCE Primco Management Inc.
Copyright 2014 PR Newswire
02/12/2014 Up In Smoke: Primco Management
Announces Plans to Refocus its Property Management
Division to the Medical Marijuana Industry.
LOS ANGELES, Feb. 12, 2014 /PRNewswire/ -- Primco Management Inc. (OTCQB: PMCM), a fully integrated multi-media entertainment and real estate development company, is pleased to announce that it plans to acquire properties, which it will lease to licensed retailers and manufacturers of medical marijuana. The Company plans to initially acquire property in the greater Los Angeles area with subsequent plans to extend its operations to Western States where medical marijuana is permitted by state law. The leased facilities will meet all zoning and licensing requirements for the ongoing, legal dispensing of medical cannabis. Primco will not engage in the cultivation or sale of medical cannabis or any of its byproducts.
"We are extremely excited about the new direction of our property management division," stated David Michery, CEO. "Today's political environment regarding the legalized production of medical cannabis is the solution not only for patients in need of the medicinal benefits of marijuana but also in helping to keep the illegal dealing of marijuana off the streets. The economic dynamics are perfectly aligned to make this business opportunity a great success for us."
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