GREY:WLDFF - Post by User
Comment by
Gekkoinon Mar 25, 2015 3:41pm
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Post# 23560894
RE:Big deal $250,000 bucks
RE:Big deal $250,000 bucks apparently you don't read so well wdr2.... you missed the "meat & potatoes" of the news buddy...
they now have a way to start clocking revenues while they wait for their mmpr.... makes sense!
The $250k is what SUN paid out to secure the deal.... cheers
Wildflower's joint venture partner has been in the marijuana business since 1998 and has operated a medical dispensary since 2012. The partner has agreed to negotiate in good faith combining these operations into the Joint Venture at such time as the law permits. Washington State is currently developing new rules regulating medical dispensaries. Further, Wildflower will work closely with its Joint Venture partner to implement Wildflower's Quality Assurance Program, Standard Operating Procedures and Good Manufacturing Practices to ensure the highest quality is produced for the Wildflower brand.
As part of the transaction, Wildflower has agreed to pay a commission in accordance with regulatory guidelines. As Wildflower's Joint Venture partner is currently producing and selling marijuana and related products, once the transaction closes Wildflower can immediately commence sales of Wildflower branded products. Work has already begun to identify new and unique product lines. Pursuant to the Joint Venture all production from the license will be sold under the Wildflower brand. In Washington State, licensing requirements stipulate that all license holders and their shareholders, directors, officer and financiers be Washington State residents. While Wildflower cannot have any interest in any license in Washington State it can license its brand and provide consulting services to ensure all products associated with the Wildflower brand are of the highest quality. The Washington market has approximately 370,000 cannabis users that consume approximately 175 metric tons (175,000,000 grams) of marijuana annually according to a study by the Rand Corporation, approximately double what was predicted by the State of Washington. In comparison, the legal Canadian medicinal market has approximately 59,000 registered patients.
Read more at https://www.stockhouse.com/companies/bullboard/c.sun/wildflower-marijuana-inc#eDUo6Ekft3rqqVEZ.99