FAIRFAX, Va., Nov. 18, 2014 /PRNewswire/ -- Next Generation Management Corporation (OTCQB:NGMC) announced today its wholly owned subsidiary, NextGen Holdings, LLC, has entered the rapidly growing cannabis infused edibles market by signing an agreement with Merry Jan's Edibles, an Oregon based bakery. Both parties have agreed to terms; final partnership agreement is being drafted.
Merry Jan's has more than 30 years baking experience and is currently supplying a small number of existing marijuana dispensaries with a variety of gourmet cookies, brownies and other baked goods and confections. Merry Jan's THC infused Cannabutter is made in house.
Darryl Reed, CEO of NextGen, said that "now that Measure 91 has passed, legalizing marijuana in Oregon, we will continue to expand operations by strategic partnerships. Our role in the newly formed partnership will be to assist in the expansion of the brand by hiring sales staff, increase awareness through social media and other forms of mass marketing. Merry Jan's is currently working on rolling out a Holiday platter that will include cannabis infused cookies, pecan pie bars, raspberry white chocolate bars and chocolate mint brownies.
"NextGen also continues to look for a location in the Portland, Oregon, area to open a licensed dispensary," Mr. Reed said.
About Nextgen Holdings, LLC:
Next Generation Management Corporation's wholly-owned subsidiary was formed to hold its Oregon cannabis assets.
("Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.)
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SOURCE Next Generation Management Corporation