Business
Cafe Serendipity Holdings, Inc. Announces Signing an Exclusive Master License Agreement for the State of Washington
Cafe Serendipity Holdings, Inc. Announces Signing an Exclusive Master License Agreement for the State of Washington.
About this update from Cafe Serendipity Holdings, Inc.
[{"type":"text","content":"\n \n \n Cafe Serendipity Holdings, Inc. Announces Signing an Exclusive Master License Agreement for the State of Washington\n \n \nCafe Serendipity Holdings, Inc. Announces Signing an Exclusive Master License Agreement for the State of Washington\n \n HENDERSON, NV--(Marketwired - Nov 17, 2015) - Café Serendipity Holdings, Inc. (OTC PINK: CAFS) (the \"Company\"), is pleased to announce the signing of an exclusive master license agreement for the state of Washington to rebrand medical marijuana dispensaries and retail marijuana stores in the state of Washington. Our exclusive master license agreement gives the right to Two Worlds Consulting, LLC, a leading NYC advisory and investment firm serving the legal cannabis market throughout the US, to sign licensees throughout the state of Washington to brand Café Serendipity stores.\n The state of Washington currently has approximately 600 medical marijuana dispensaries stores. We believe we have the potential of signing rebranding agreements with dispensaries in the state of Washington using our brand over the next 120 days. There are 7,500,000 million people living in Washington State. Café Serendipity will use all of its strategic relationships from real estate, legal, human resources and product sourcing to put the stores together to fit our business model and create the look and feel that is represented on our website. The retail marijuana store sizes will range from 1,500 to 2,500 square feet and will generate approximately $2 million in revenues per year.\n \"We expect to sign an additional exclusive master license agreement for Pennsylvania once the state has approved legal marijuana,\" said Bob McNulty Chairman of Café Serendipity. \"We also see e-commerce opportunities within the legal marijuana space that the company will be announcing in the next quarter.\"\n Café Serendipity has positioned itself for the legalization of recreational use and dispensaries stores to come on-line in 2016 for California and Oregon. We believe that the regulatory environment between the Federal and States needs to improve so there is clarity between them that is conducive to building businesses with the proper banking foundation, card processing and real estate acquisition model that allows fundamental growth. However we are very confident that these issues will be resol...