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"The Cannabis Connection," Virogen's New Business Unit, Finds Enthusiastic Response to Growth-Through-Acquisition Model from Medicinal Marijuana Dispensary Targets
"The Cannabis Connection," Virogen's New Business Unit, Finds Enthusiastic Response to Growth-Through-Acquisition Model from Medicinal Marijuana Dispensary Targets.
About this update from Small Business Development Group, Inc.
[{"type":"text","content":"\n\n\n\n\n\n\n\n\"The Cannabis Connection,\" Virogen's New Business Unit, Finds Enthusiastic Response to Growth-Through-Acquisition Model from Medicinal Marijuana Dispensary Targets\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\n\"The Cannabis Connection,\" Virogen's New Business Unit, Finds Enthusiastic Response to Growth-Through-Acquisition Model from Medicinal Marijuana Dispensary Targets\n\nCompany Confirms Cancellation of 1 Billion Shares, Continuing Efforts to Cancel Additional 5 Billion Shares and OTC Marketplace Update\n\nPR Newswire\n\nSAN GERONIMO, Calif., May 8, 2013\n\n\n\n\n\n\n\nSAN GERONIMO, Calif., May 8, 2013 /PRNewswire/ -- Virogen Inc. (OTC:VRNI), a holding company that owns Tiger Team Technologies and The Cannabis Connection, today advised of its progress following recent announcements concerning its new business unit, The Cannabis Connection, a company initiative designed to capture a portion of the $15-20 billion legal marijuana market.\n\n\n\"Since we announced The Cannabis Connection initiative last week, we have reached out to dispensaries that we view as potential acquisition candidates and have been met with an extremely enthusiastic response,\" said Paul Hogan, President of VRNI. Mr. Hogan continued, \"there are many, many exciting dispensary acquisition opportunities that do not require significant capital investments, but which offer us a seamless entry into an established, expanding market. After completing an acquisition, we intend to 'rebrand' the dispensary with our boutique concept that emphasizes gracious and discrete client services in luxurious surroundings.\"\n\n\nVRNI also announced that it has begun discussions with several potential acquisition targets, though these discussions remain preliminary in nature.\n\n\nIn regard to the previously announced cancellation and anticipated cancellations of large blocks of VRNI common stock, the company confirmed the earlier announced cancellation of 1 billion shares, as well as its continuing efforts to complete the cancellation of an additional 5 billion shares.&n...