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Easton Pharmaceuticals Announces Signing LOI for Joint Venture Towards Private Medical Marijuana Colorado Grower and Licenses; Provides Clarification on Its Canadian Medical Marijuana Initiatives
Easton Pharmaceuticals Announces Signing LOI for Joint Venture Towards Private Medical Marijuana Colorado Grower and Licenses; Provides Clarification on Its Canadian Medical Marijuana Initiatives.
About this update from Easton Pharmaceuticals Inc
[{"type":"text","content":"\n \n \n Easton Pharmaceuticals Announces Signing LOI for Joint Venture Towards Private Medical Marijuana Colorado Grower and Licenses; Provides Clarification on Its Canadian Medical Marijuana Initiatives\n \n \nEaston Pharmaceuticals Announces Signing LOI for Joint Venture Towards Private Medical Marijuana Colorado Grower and Licenses; Provides Clarification on Its Canadian Medical Marijuana Initiatives\n \n TORONTO, ON--(Marketwired - Mar 28, 2014) -  Easton Pharmaceuticals Inc. (OTC: EAPH), a specialty pharmaceutical company that owns, designs, develops, and markets an array of topically-delivered drugs and therapeutic / cosmetic healthcare products, today announces it has signed a letter of intent for the creation of a possible JV with another US company towards a Private Medical Marijuana company in the state of Colorado. \n The Letter Of Intent was signed with another public company listed on the OTCQB exchange. Easton has engaged an attorney who for the past few days and moving forward will perform due diligence on the company and most importantly the licenses this company has claimed it has rights to through a private Colorado grower in the state of Colorado. The LOI calls for a joint venture where both Easton and the other company would either purchase an interest in or finance the operations in the private Colorado grower. Any closing is contingent on the satisfaction of the due diligence by Easton's attorney and its negotiations with the other company's attorney or representatives. Easton Pharmaceuticals, or any other company or principles not having residence in the state of Colorado for more than 2 years, cannot entirely own all the assets in any medical marijuana companies within the state of Colorado. Any negotiations must satisfy these requirements. No time frames have yet been set.\n Easton also wishes to clarify the misinformation regarding its Canadian medical marijuana initiatives. Although the company has still not signed a final agreement regarding any of its Canadian medical marijuana initiatives which is as a result of various reasons it is currently unable to disclose, this by no means signifies that it has ended any negotiations with any other companies previously disclosed. No other companies including current growers in B.C. have closed any transactions with any other companies and still maintain...