LOS ANGELES, Feb. 24, 2014 /PRNewswire/ -- Primco
Management Inc. (OTCQB: PMCM), a fully integrated multi-media
entertainment and real estate development company, today announced
that the Company entered into a Joint Venture agreement with CanMed
Ventures, a British Columbia
company, to build and operate a 30,000 square foot cultivation
facility for the production of medical marijuana. The company
expects to be fully licensed within 6 months. First year
revenues are projected to exceed $20
million.
"This is the most exciting announcement in the history of
Company," stated David Michery, CEO. "Primco has made a
corporate decision to become a major player in the medical cannabis
industry and the construction of a facility of this nature is the
first step in building a $100 million
company. We are extremely excited to be partnering up with
CanMED, under the leadership of David
Irwin, the company's CEO. As an experienced and
successful project manager, David will be instrumental in the long
term growth of our Canadian operations as well as providing the
expertise needed to build state of the art facilities across North
America. We are very fortunate to be working with David and
his team and look forward to a long and very successful
partnership."
The Joint Venture will produce and dispense legal medical
cannabis to Health Canada patients in British Columbia.
CanMED expects to complete the licensing process in the next few
months, Construction is expected to begin once Primco secures
a suitable location.
About Primco Management Inc.:
Through its wholly-owned subsidiaries, ESMG Inc., Top Sail
Productions and D & B Music, Inc., the Company operates as an
integrated entertainment company with divisions in music and film
production and distribution. Primco also operates in various
aspects of the real estate industry. (For additional information,
visit www.primcousa.com).
Disclaimer: The Company relies upon the Safe Harbor Laws of
1933, 1934 and 1995 for all public news releases. Statements, which
are not historical facts, are forward-looking statements. The
company, through its management, makes forward-looking public
statements concerning its expected future operations, performance
and other developments. Such forward-looking statements are
necessarily estimates reflecting the company's best judgment based
upon current information and involve a number of risks and
uncertainties, and there can be no assurance that other factors
will not affect the accuracy of such forward-looking statements. It
is impossible to identify all such factors. Factors which could
cause actual results to differ materially from those estimated by
the company include, but are not limited to, government regulation;
managing and maintaining growth; the effect of adverse publicity;
litigation; competition; and other factors which may be identified
from time to time in the company's public announcements.
Contact:
|
David Michery,
CEO
|
|
(562)
565-9967
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SOURCE Primco Management Inc.