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Cannabis Market News & Volume Leaders Briefing - Company Signs LOI For Washington State Cannabis Retail Outlets
PR Newswire
FN Media Group, LLC 8 hours ago
CORAL SPRINGS, Florida, March 13, 2014 /PRNewswire/ --
Medical marijuana industry experiences high volume in trading as companies ramp up operations and acquire resources: PetroTech Oil and Gas, Inc. (PTOG), OSL Holdings Inc. (OSLH), The CannaBusiness Group, Inc. (CBGI) and Nuvilex, Inc. (NVLX)
PetroTech Oil and Gas, Inc. (PTOG) subsidiary company Legalizepot.us and LP.US Inc., is pleased to announce that Steven Machat (founder & CEO), and Jae Benjamin (president) of Legalize Pot have signed a letter of intent with a large Real Estate group in Seattle Washington, this week to close on a joint venture to open a series of state of the art "green friendly" cannabis retail outlets in the downtown Seattle area. "The initial retail center will house both medicinal and recreational cannabis along with specialty eatables. The space will also house hemp based consumer products such as clothing, shoes, blankets, towels as well as cosmetics and creams carrying the Legalize Pot US label and logo. Additional retail spaces for an organic food store and coffee shop with entertainment venue are also planned," said Steve Machat president.
Read the entire release at www.fnmprofiles.com/profiles-ptog.html
Jae Benjamin, Vice President, will be meeting with his team of Legalize Pot US growers to inspect, and review growth methodologies, as well as update their "grow" facilities utilizing the latest innovations in wind and LED lighting techniques.
OSL Holdings Inc. (OSLH), a technology company, announced this week its entry into the legal marijuana market. OSL Holdings has contracted with one of the oldest legal medical marijuana dispensaries in California, The Natural Way of LA, to develop marijuana production facilities in California. OSL intends to form a separate subsidiary to create production facilities in states that presently have legal medical marijuana dispensaries and also position itself to accommodate the growing recreational markets in Colorado and Washington and elsewhere as legal recreational markets emerge. OSL intends to spin off that subsidiary to its existing shareholders after complying with necessary SEC filings and procedures.
The CannaBusiness Group, Inc. (CBGI) files 2013 Annual Disclosure Statement and prepares financials to be audited by PCAOB accountant and have attorney file form 10. www.thecannabusinessgroup.com. The 2013 Annual Disclosure is from Muscle Warfare the subsidiary that on December 27, 2013 rescinded its agreement to be part of the public company. From the 1st quarter of 2014 and beyond, The CannaBusiness Group, Inc and its subsidiaries will file financials together on the OTC Markets and as soon as we have completed our audits and approved through the SEC, 10Q and 10K's will start to be filed with the SEC and CBGI will become a fully reporting public company.
Nuvilex, Inc. (NVLX) an international biotechnology company providing cell and gene therapy solutions for the treatment of deadly diseases, recently announced that its subsidiary, Medical Marijuana Sciences, Inc., has appointed Brian Salmons, Ph.D., CEO and President of Nuvilex's partner Austrianova, to its Scientific Advisory Board. Dr. Salmons, together with Professor Dr. Walter H. Gunzburg, invented and developed the live-cell encapsulation technology now known as Cell-in-a-Box(TM) which has been licensed by Nuvilex for the development of treatments for cancer and diabetes. It is expected that, given his expertise in this and other aspects of the development of disease treatments, Dr. Salmons will play a pivotal role as Medical Marijuana Sciences goes forward with its cannabis-based cancer treatments.
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