Business
Easton Pharmaceuticals / Alliance Group Awaits Equipment Delivery, Days Away From Commencing Operations On Its Aggregate Contract After Closing $1.3 Million JV Agreement For 50% Property Ownership Interest and Various Businesses
Easton Pharmaceuticals / Alliance Group Awaits Equipment Delivery, Days Away From Commencing Operations On Its Aggregate Contract After Closing $1.3 Million JV Agreement For 50% Property Ownership Interest and Various Businesses.
About this update from Easton Pharmaceuticals Inc
[{"type":"text","content":"\n \n \n Easton Pharmaceuticals / Alliance Group Awaits Equipment Delivery, Days Away From Commencing Operations On Its Aggregate Contract After Closing $1.3 Million JV Agreement For 50% Property Ownership Interest and Various Businesses\n \n \nEaston Pharmaceuticals / Alliance Group Awaits Equipment Delivery, Days Away From Commencing Operations On Its Aggregate Contract After Closing $1.3 Million JV Agreement For 50% Property Ownership Interest and Various Businesses\n \n TORONTO, ON--(Marketwired - Nov 28, 2017) - Easton Pharmaceuticals, Inc. (OTC: EAPH), is pleased to announce it is days away from its first equipment delivery to commence operations on its aggregate business with partner 1124123 Ontario Limited (o/a - Alliance Group) following its final payment which completed its $1.3 Million CDN JV agreement towards a 50% property ownership interest and various businesses including a lucrative aggregate business and the cultivation of medical / recreational marijuana for national Canadian market. Acquires construction quotes towards the building of a facility towards medical / recreational marijuana for Canadian market.\n After completing all terms of an agreement and advancing its final payment on a total of $1.3 Million CDN to 1124123 Ontario Limited (o/a - Alliance Group) which provides Easton with an ownership interest in a 135 acre property and a 20% to 70% ownership interest in various businesses operating on the land located in the township of Georgina in the Municipality of North York, Ontario, Easton has been notified that operations on the aggregate business of the property from its previously announced $6,000,000 CDN contract with a well known local construction company is days away from commencing operations and the receipt of its first payment. The property located at 6017 Smith Blvd., Georgina Township, has 90 acres zoned M3 industrial with the remaining 45 acres zoned as agricultural. Several millions of dollars in equipment have been ordered and are expected to be delivered to the property within days. Once delivered, operations will commence which should then allow for additional contracts currently under negotiations to close. Easton and its partner Alliance Group anticipate contracts to generate over $6,000,000 in revenues during its first year of operations and expected to grow to $20,000,000 in gross re...