NEWS! v.GNM (.04) signs NDA with producing & licensed mmj ! GeoNovus Minerals signs NDA with marijuana producer
2014-05-21 09:02 ET - News Release
Mr. Michael England reports
GEONOVUS SIGNS NON-DISCLOSURE AGREEMENT ON MARIJUANA FACILITY
GeoNovus Minerals Corp. has entered into a non-disclosure agreement with a private B.C. company which has applied with Health Canada to become an MMRP-licensed producer of medical marijuana.
Under the agreement, the company will begin its due diligence process in furtherance of a potential business relationship with the private company, which will include a site visit to its active medical marijuana production facility, currently producing under its MMAP licence. At this time, management anticipates that the due diligence process will complete on or before June 15, 2014.
This development is in line with the company's previous announcement on May 13, 2014, that the company has decided to analyze the medical marijuana and industrial hemp industries for opportunities to create shareholder value.
At this point in time, there are no assurances or guarantees that a new project with the private company, or otherwise, will be concluded in the future. The company will provide further updates as they develop.
We seek Safe Harbor.
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