MediSwipe, Inc. Announces Execution of First Tenant Lease and Management Contract for New Colorado Agricultural Facility
April 02 2014 - 9:00AM
Marketwired
MediSwipe, Inc. Announces Execution of First Tenant Lease and
Management Contract for New Colorado Agricultural Facility
LOS ANGELES,
CA--(Marketwired - April 02, 2014) - MediSwipe,
Inc. (www.MediSwipe.com) (OTCQB: MWIP), a leader in
Compassionate Care Technology and indoor/outdoor agricultural
solutions for the medicinal marijuana industry, and Agritech
Venture Holdings, Inc., the Company's wholly owned subsidiary,
today announced that they have received the first executed lease
and management contract on behalf of its' initial tenant for the
Company's agricultural and cultivation facility located in Pueblo
County, Colorado.
MediSwipe, last week featured in 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, recently
announced it had completed a joint venture purchase and lease
back of 80 acres zoned for agricultural use in Pueblo County,
Colorado.
Pursuant to these agreements, the Company will sublease
individual parcels of the 80 acre managed and secure agricultural
facility to fully-licensed and compliant growers and dispensaries
within the regulated medicinal and recreational market throughout
the entire state of Colorado. MediSwipe, with its' first executed
contract and several additional under discussion will receive rents
and management fees including 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. Rents start for
approximately 5 acre open land parcels at $4,500. Parcels with
turnkey greenhouses starting at 10,000 square feet, with full
infrastructure and the latest technology will be available for
additional monthly rent of $12,500-$15,000.
"These first land leases and management contracts now coming in
are a meaningful validation of a sustainable revenue model within
this sector and will finally allow us develop a long term strategy
of building a real property asset portfolio in key
jurisdictions while at the same time seeking to achieve our goals
of acquiring several six figure lease and management contracts
within our managed facility. As a pioneer for over four years in
this sector, it is our strategy to aggressively acquire properly
zoned properties in multiple jurisdictions including additional
property in Colorado, Washington State and Canada, and sublease
these properties to fully licensed and compliant entities. Our
facility in Colorado, presently under construction will be state of
the art, including greenhouse technology, security onsite
management and all utilities with first tenants taking occupancy by
May 2014," 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 real estate
management 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.comSean
Sheridan pueblosean@gmail.com (720) 402-0077
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