MediSwipe, Inc. Announces Coverage by Wall Street Journal as "Deal Of The Week" Highlighting Commercial Real Estate Play for ...
March 26 2014 - 8:30AM
Marketwired
MediSwipe, Inc. Announces Coverage by Wall Street Journal as "Deal
Of The Week" Highlighting Commercial Real Estate Play for Medical
Marijuana
LOS ANGELES,
CA--(Marketwired - March 26, 2014) - MediSwipe,
Inc. (www.MediSwipe.com) (OTCQB:
MWIP) (MWIP), a leader in Compassionate Care Technology and
indoor/outdoor agricultural solutions for the medicinal marijuana
industry, today announced that the Company is featured in today's
Wall Street Journal as the "Deal Of The Week" highlighting the
Company's commercial real estate and business strategy within the
regulated medicinal marijuana and recreational market of Colorado.
The Company recently announced it has completed the
purchase and lease back of 80 acres zoned for agricultural use in
Pueblo County, Colorado.
The full Wall Street Journal Article may be read here:Some
Landlords See a 'Growth' Industryhttp://on.wsj.com/1mtjN7N
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
greenhouse and managed facility once complete, will be the largest
managed facility of its kind within the state.
"We are truly honored to receive coverage from the Wall Street
Journal as one of the most respected financial publications and be
recognized as an innovator within our industry. As a pioneer
for over four years in this sector, it is our strategy to
aggressively acquire properly zoned properties in multiple
jurisdictions, and sublease these properties to fully licensed and
compliant entities. Our facility in Colorado, presently under
construction will be state of the art, and we are already
finalizing the first tenant leases for occupancy by May 2014.
Presently, we have entered into further negotiations for additional
property in Colorado, with immediate plans for expansion into
Washington State and Canada," 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
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