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Easton Pharmaceuticals Announces 2 Medical Marijuana Investment Proposals Which Include the Launch of Medical Marijuana Dispensary(s) in the State of Michigan and an Investment Into Medical Marijuana Technologies to Assist Growers With Harvests
Easton Pharmaceuticals Announces 2 Medical Marijuana Investment Proposals Which Include the Launch of Medical Marijuana Dispensary(s) in the State of Michigan and an Investment Into Medical Marijuana Technologies to Assist Growers With Harvests.
About this update from Easton Pharmaceuticals Inc
[{"type":"text","content":"\n \n \n Easton Pharmaceuticals Announces 2 Medical Marijuana Investment Proposals Which Include the Launch of Medical Marijuana Dispensary(s) in the State of Michigan and an Investment Into Medical Marijuana Technologies to Assist Growers With Harvests\n \n \nEaston Pharmaceuticals Announces 2 Medical Marijuana Investment Proposals Which Include the Launch of Medical Marijuana Dispensary(s) in the State of Michigan and an Investment Into Medical Marijuana Technologies to Assist Growers With Harvests\n \n TORONTO, ON--(Marketwired - Jun 6, 2014) - Easton Pharmaceuticals Inc. -- (OTC: EAPH) -- announces it has received and is in late stage discussions with two investment proposals in the medical marijuana industry.\n Easton Pharmaceuticals will be decided upon within the next week to 10 days which involves two proposals and investment opportunities in the medical marijuana industry. The first proposal stems from a signed LOI and discussions initiated with UMED Health and Wellness Centers located in the State of Michigan, current owners of an operating medical marijuana dispensary since January of this year. The discussions with UMED involve terms based around Easton Pharmaceuticals opening one or possibly more medical marijuana dispensary(s) in the State of Michigan with UMED being the manager of the operating business and facility. A counter proposal has been submitted to UMED where both companies would form a 50/50 joint partnership for new dispensaries with Easton paying the fees and expenses required to open the facilities and UMED finding the locations, design, launch the facilities, locate the product and patients for the dispensary. Discussions have also involved a direct investment into UMED for expansion of their existing business which after 6 months of operations with their own dispensary, revenues according to UMED are projected to conservatively reach $1 Million at the current pace with cumulative increases projected over the next few years. The new dispensaries in Michigan is thought of as an attractive opportunity to generate quick low overhead revenues for Easton due to costs that are deemed to be greatly reduced compared to the current costs required for its federal medical marijuana growers business in Canada as previously announced with MDRM Canada Group Inc. currently in its final inspection phase pr...