Business
M Line Holdings Acquires the Option on 39 Acres of Land in Arizona, and Restaurants and Entertainment Arena
M Line Holdings Acquires the Option on 39 Acres of Land in Arizona, and Restaurants and Entertainment Arena.
About this update from M Line Holdings Inc
[{"type":"text","content":"\n\n M Line is Finalizing the 100% Acquisition of the Land, Restaurants and Event Center in Arizona Costa Mesa, CA, Nov. 30, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- M Line Holdings, Inc. (OTC Pink: MLHC; \"M Line\" or the “Company”), is excited to announce that it will expand business even more by adding a group of restaurants and an event center in Arizona.  M Line is acquiring the land at two of the locations, the largest of which is almost 39 acres, and will hold an option on the land at the third location. M Line acquired the expired options from Wowio, Inc. for 30,000,000 shares and has had extensive negotiations with the current owners of the restaurants. We expect to sign Letters of Intent and close these transactions very shortly. This acquisition will also be used to position MLHC to use acres for future hemp cultivation.  The US House of representatives and the US Agriculture Committee have reached an agreement in principle on the 2018 farm Bill.  https://agriculture.house.gov/news/documentsingle.aspx?DocumentID=4464 This land will allow us year round cultivation using our Cannabis growing pods provided by our majority owned subsidiary American Asset Holdings, Inc.  Details of our pods are shown in our slideshow on the M Line Holdings web site; www.mlinehc.com/portfolio Tony Anish, CEO of M Line commented: “We continue to add acquisitions that will positively impact the bottom line profit of the business.  This acquisition is a perfect fit for M Line’s business model.  We will give much more detail once the agreement has been finalized over the next few days. Stay Tuned for more news and updates. About M Line Holdings, Inc. M Line is a Holding Company. It controls subsidiaries involved in the Beverage Branding and Distribution industry that includes our VEA and TORQUE® branded drinks.  In addition, M Line controls two subsidiaries in Florida in the Food and Beverage distribution business and M Line has now expanded into the Cannabis Industry with the acquisition of our C-Pod manufacturing business.  Furthermore, M Line will continue with its business financing activities while looking for other opportunities in the Beverage, Distribution and Cannabis industries as well as other prospects that make sense to management. Safe Har...