Business
Easton’s JV Georgina Property Resumes Operations. Revenues Expected to be in-line with Estimates for the End of the Year
Easton’s JV Georgina Property Resumes Operations. Revenues Expected to be in-line with Estimates for the End of the Year.
About this update from Easton Pharmaceuticals Inc
[{"type":"text","content":"TORONTO, ON, July 26, 2018 -- Easton Pharmaceuticals Inc. (OTC: EAPH) is pleased to announce that the Georgina property owned by its JV partner, 1124123 Ontario Limited (o/a – Alliance Group) resumes operations again, as of today Thursday, July 26th, 2018.Easton’s JV partner, 1124123 Ontario Limited (o/a – Alliance Group) after delays resulting from various Municipal factors, resumes operations on its Georgina property, located just north of Toronto, Ontario, Canada.Although one third of 2018Q3 has passed, Easton expects revenues from the Georgina property for the remaining Quarter to reach CAD $300,000 in revenues.These operations mark the beginning of several businesses that will be carried out from the property. The first business is soil, while the company is gearing up for operations to soon commence from its aggregate business, with existing client orders.Easton Pharmaceuticals and Alliance Group will be providing many more detailed updates in the coming weeks on revenue generation and future projections, which can now be booked on Easton’s financial statements.Other updates will include information on new acquisitions and businesses that are currently being finalized, changes and new additions to its management team as well as a name change to better reflect the expansion of its business activities. The company intends on announcing its new 5 years business plan in the coming weeks.Moreover, Easton is moving forward with audited financial statements and its retaining of an internationally recognized auditing firm now that revenues have re-commenced from its Georgina operations. About Easton PharmaceuticalsEaston Pharmaceuticals is a diversified specialty pharmaceutical company involved in various pharmaceutical sectors and other industries, which includes soil, aggregate, recycling, pharmaceuticals, diagnostic and other growing industries, such as real estate, hospitality, gaming, commodities, mining, transportation, maritime and marine services. The Company previously developed and owned an FDA-approved wound healing medical drug and currently owns topically delivered drugs to treat cancer and other therapeutic products to treat various conditions that are all in various stages of development and approval. Easton, through BMV Medica S.A., and together own the exclusive distribution rights in Mexico a...