Business
Cannabis Global Group, a Talisman Holdings Entity, to Lease Colorado Land for Future Cannabis Cultivation
Cannabis Global Group, a Talisman Holdings Entity, to Lease Colorado Land for Future Cannabis Cultivation.
About this update from Fidelity Holding Corp
[{"type":"text","content":"\n \n \n Cannabis Global Group, a Talisman Holdings Entity, to Lease Colorado Land for Future Cannabis Cultivation\n \n \nCannabis Global Group, a Talisman Holdings Entity, to Lease Colorado Land for Future Cannabis Cultivation\n \n GREEN VALLEY, AZ--(Marketwired - Mar 26, 2014) - Cannabis Global Group (\"CGG\"), a division of Talisman Holdings, Inc. (OTC: TMHO) (\"Talisman\" or the \"Company\") announced that it has agreed to lease 35 acres of Routt County, Colorado growing land that is currently in use for agricultural purposes. The term of the lease is for 5 years, with ten 5-year extensions. The land has an artesian well with 85 degree water, and has natural gas available.\n Cannabis Global Group intends to develop a 100,000 square foot state-of-the-art growing and processing facility on the property. With this agreement, Cannabis Global Group has begun the rollout of its core business strategy of entering the production and cultivation of the legal marijuana business. Closing of this transaction has not occurred and is subject to customary conditions including, but not limited to, negotiation and execution of definitive documents.\n CCG President, Dr. Warren Frayer, stated, \"Colorado has already experienced a significant increase in recreational marijuana sales since January 1, and there is a shortage of product to meet demand. There is a definite need for additional production, and we are addressing this situation and we expect impressive results.\"\n Additionally, the Company's board of directors is formalizing a plan for recapitalization of the Company's share structure including restricted stock retirement by certain insiders as well as a stock dividend of one additional share for each share currently held. The Company looks forward to providing regular updates on its progress.\n About Talisman Holdings\n Talisman Holdings, Inc. is a highly innovative holding company built on the belief that the world's greatest potential for financial growth lies in emerging companies. Talisman Holdings searches for undervalued small and microcap businesses with breakthrough products, services and technologies with explosive growth potential and delivers the equity, financial guidance, strategic counsel, consulting and business functions they need in order to succeed in the public marketplace. Taking an ownership or equity s...