MediSwipe, Inc. Announces Purchase & Sale Lease Back Agreement for 80 Acres of Zoned Agricultural Land & Planned State of the...
March 18 2014 - 08:30AM
Marketwired
MediSwipe, Inc. Announces Purchase and Sale Lease Back Agreement
for 80 Acres of Zoned Agricultural Land and Planned State of the
Art Green House Facility in Colorado
LOS ANGELES,
CA--(Marketwired - March 18, 2014) - MediSwipe,
Inc. (www.MediSwipe.com) (OTCQB:
MWIP), the leader in Compassionate Care Technology Solutions
and products for the medicinal marijuana industry, today announced
that the Company has completed the purchase and proposed lease
back of 80 acres zoned for agricultural use in Pueblo County,
Colorado. The Company executed a Letter of Intent And Joint Venture
Agreement on Friday, March 14, 2014 and completed the purchase of
the 80 acre parcel shortly after the close of markets Monday.
As part of the purchase and Joint Venture Agreement, MediSwipe
will hold deed and title to the property within its wholly owned
subsidiary, Agritech Venture Holdings Inc., and will maintain the
exclusive Master Lessor rights for ninety-nine years. The exclusive
agreement will enable the Company to sublease individual parcels of
the 80 acre parcel to fully-licensed and compliant growers and
dispensaries within the regulated medicinal and recreational market
on behalf of the entire state of Colorado. MediSwipe will receive
rents and management fees on providing infrastructure, water,
electricity, equipment leasing and security services. The 80 acre
green house and managed facility once complete, will be the largest
managed facility of its kind within the state. The Company is
presently working on its first agreements for tenants to move into
the facility as early as May of 2014.
"As a pioneer and innovator for over four years in this
industry, we have come to realize that by owning real estate and
subleasing properties to fully licensed and compliant entities, we
can truly own meaningful, long term assets within this sector which
we believe will have substantial upside for our investors over the
long term. Upon completion, I believe our facility in
Colorado presently the largest of its kind, will be the model for a
state of the art cultivation facility that we will seek to provide
in multiple states. We have chosen Colorado as a model as it
presents the most viable opportunity for us with both the medicinal
and recreational markets in full swing. At the other end of the
spectrum, we can provide a full array of wellness products and
patient services to the retail side and as a single Company have
now created a barrier of entry to this marketplace that cannot be
easily duplicated," stated B. Michael Friedman, CEO of
MediSwipe.
About MediSwipe, Inc.MediSwipe, Inc. (www.MediSwipe.com)
provides innovative patient solutions and is the leader in
Compassionate Care Technology for the medicinal marijuana industry.
MediSwipe provides terminal-based service packages and integrated
Web Portal add-ons for physicians, clinics, hospitals and medical
dispensaries that include: digital patient records, Electronic
Referrals, Credit/Debit Card merchant services, and health and
wellness product lines including beverages, vaporizers and
accessories. MediSwipe does not directly grow, harvest, or
distribute or sell cannabis or any substances that violate United
States law or the Controlled Substances Act, nor does it intend to
do so in the future.
FORWARD-LOOKING DISCLAIMER:This press release may contain
certain forward-looking statements and information, as defined
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, and is subject
to the Safe Harbor created by those sections. This material
contains statements about expected future events and/or financial
results that are forward-looking in nature and subject to risks and
uncertainties. Such forward-looking statements by definition
involve risks, uncertainties and other factors, which may cause the
actual results, performance or achievements of MediSwipe, Inc. to
be materially different from the statements made herein.
Contact: MediSwipe,
Inc. 561.514.9042www.MediSwipe.cominfo@mediSwipe.com
Agritek (CE) (USOTC:AGTK)
Historical Stock Chart
From Feb 2024 to Mar 2024
Agritek (CE) (USOTC:AGTK)
Historical Stock Chart
From Mar 2023 to Mar 2024