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Easton Pharmaceuticals Announces It Has Signed an LOI to Acquire An Interest in a 45 Acre Parcel for the Cultivation of Medical Marijuana in Toronto, Canada; Wholly Owned Subsidiary, iBliss in Birmingham's UK Vaper Expo
Easton Pharmaceuticals Announces It Has Signed an LOI to Acquire An Interest in a 45 Acre Parcel for the Cultivation of Medical Marijuana in Toronto, Canada; Wholly Owned Subsidiary, iBliss in Birmingham's UK Vaper Expo.
About this update from Easton Pharmaceuticals Inc
[{"type":"text","content":"\n \n \n Easton Pharmaceuticals Announces It Has Signed an LOI to Acquire An Interest in a 45 Acre Parcel for the Cultivation of Medical Marijuana in Toronto, Canada; Wholly Owned Subsidiary, iBliss in Birmingham's UK Vaper Expo\n \n \nEaston Pharmaceuticals Announces It Has Signed an LOI to Acquire An Interest in a 45 Acre Parcel for the Cultivation of Medical Marijuana in Toronto, Canada; Wholly Owned Subsidiary, iBliss in Birmingham's UK Vaper Expo\n \n TORONTO, ON--(Marketwired - May 24, 2017) -  Easton Pharmaceuticals, Inc. (OTC PINK: EAPH) is pleased to announce that it has signed a Letter of Intent with Canadian Alliance Group to acquire an interest in their 45 acre fully owned parcel of land for the cultivation, production and sale of medical marijuana to the cannabis industry. Easton's wholly owned subsidiary, iBliss Inc. is currently in Birmingham, UK for this weekend's Vaper expo. \n Easton has entered into an LOI agreement with Toronto-based Alliance Group to acquire an interest in their 45 acres of agriculturally zoned land north of Toronto to cultivate, produce and facilitate the sale of its production of medical marijuana on a co-managed basis. This agreement would give Easton Pharmaceuticals a strong position into the pharmaceutical production of cannabis. This is a very exciting time and opportunity for Easton and more details will be released as they become available. Easton and Alliance expect to have production in about 6 months from its first greenhouse with revenues in the tens of millions. This initiative not only demonstrates Easton's desire to enter the medical marijuana market, which will be federally and nationally legalized in the country of Canada in the spring of 2018, but also demonstrates, along with previous acquisition announcements, Easton's desire to purchase strong revenue producing businesses. \n In other developments, Easton's wholly owned subsidiary, iBliss Inc., is currently participating in Europe's leading vapes convention in Birmingham, UK this weekend, between May 26th and May 28th. iBliss is now fully registered and compliant in the EU and expects to complete a distribution agreement with one of the largest and most recognizable vape brands. iBliss also expects to finalize distribution agreements for France and Italy, further fueling its European sales.\n About Easton Pharm...