LOS ANGELES, March 10, 2014 /PRNewswire/ -- Primco
Management Inc. (OTCQB: PMCM), a fully integrated multi-media
entertainment and real estate development company, today announced
that the Company has amended its agreement with CanMED Ventures
regarding the planned 30,000 square foot medical marijuana
cultivation facility, whereby Primco will own 100% of the building,
land and equipment and has granted CanMED a 10-year management
contract for the operation of the Joint Venture.
"The amended agreement with CanMED allows Primco to execute on
its new direction of ownership of real estate assets related to the
medical cannabis," stated David Michery, CEO. "We have plans this
week to view a number of properties in southern British Columbia and expect to announce a land
acquisition in the next few weeks. Granting CanMED a 10-year
management agreement displays our confidence in David Irwin and his team and gives Primco the
freedom to expand our presence under similar arrangements with
other medical marijuana producers. We look forward to
completing this initial venture in the very near future and will
keep our shareholders informed of these very exciting developments
as they occur."
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:
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David Michery,
CEO
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(562)
565-9967
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SOURCE Primco Management Inc.