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Easton Pharmaceuticals Announces Final Payment Completing $1.3 Million JV Agreement With Alliance Group For a 50% Property Ownership Interest and Various Businesses Including The Cultivation of Medical / Recreational Marijuana For National Canadian Market
Easton Pharmaceuticals Announces Final Payment Completing $1.3 Million JV Agreement With Alliance Group For a 50% Property Ownership Interest and Various Businesses Including The Cultivation of Medical / Recreational Marijuana For National Canadian Market.
About this update from Easton Pharmaceuticals Inc
[{"type":"text","content":"\n \n \n Easton Pharmaceuticals Announces Final Payment Completing $1.3 Million JV Agreement With Alliance Group For a 50% Property Ownership Interest and Various Businesses Including The Cultivation of Medical / Recreational Marijuana For National Canadian Market\n \n \nEaston Pharmaceuticals Announces Final Payment Completing $1.3 Million JV Agreement With Alliance Group For a 50% Property Ownership Interest and Various Businesses Including The Cultivation of Medical / Recreational Marijuana For National Canadian Market\n\nEaston / Alliance Anticipates Its Aggregate Contracts To Begin Generating Revenues Within The Next 14 days\n\n \n TORONTO, ON--(Marketwired - Oct 20, 2017) - Easton Pharmaceuticals, Inc. (OTC: EAPH) is pleased to announce its final payment which completes its $1.3 Million CDN JV agreement with Canadian based 1124123 Ontario Limited (o/a - Alliance Group) towards a 50% property ownership interest and various businesses including the cultivation of medical / recreational marijuana for national Canadian market. \n Easton has advanced its final payment, completing a total payment 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 135 acres of land located in the township of Georgina in the Municipality of North York, Ontario. 90 acres is zoned M3 industrial with the remaining 45 acres zoned as agricultural. The terms of the agreement provides Easton with the option on receiving 70% of the revenue derived from the first greenhouse producing medical / recreational marijuana, as well as 50% of all revenues from its aggregate business which has already received its first $6,000,000 CDN contract, anticipated to start generating revenues within the next 14 days. Easton / Alliance will be providing additional updates on its medical marijuana initiatives including pictures and regular facility progress updates as they become available.\n Pursuant to this closed agreement, Easton's JV partner, Alliance Group (1124123 Ontario Limited) have been advised by its legal representation that it has cleared its last license exemption hurdles which clears a path for Alliance to grow, cultivate and distribute medical / recreational marijuana for the country of Canada. ...