First MCHI Licensee on Target to be Growing by August 1
February 03 2015 - 3:15PM
Access Wire
ST PETERSBURG, FL / ACCESSWIRE / February 3, 2015
/ INCC's wholly owned subsidiary, Medical Cannabis
Holdings, Inc. ("MCHI") announced that it is on target for leasing
personnel, equipment, security, accounting, financing and
compliance to Eden's Garden, LLC, the first of MCHI's 10 identified
recreational grow licensees. "We anticipate the LaVeda grow to be
operational by August 1, 2015 and providing payments to MCHI by
October 1, 2015," said Drew Newsom, President of MCHI.
Navigating the Colorado real estate market for the cannabis
business can be a treacherous endeavor, requiring property with 1)
the correct zoning 2) friendly local government 3) a landlord
willing to allow cannabis in his building 4) no mortgage on the
property which may be called by a federally insured bank 5) enough
property to grow your business from tier one (3,600 plants), to
tier two (6.000 plants), to tier three (10,200 plants),
accommodating three 10,000 square foot buildings. MCHI has crossed
these significant hurdles and is on its way to create significant
revenue.
With real estate secured, the next challenge was to acquire the
technology necessary to achieve an ambitious growth and profit
plan. MCHI has placed a purchase order of 400 state-of-the-art
lights from FutureWorld, (FWDG). These smart LED lights surpass the
market standard with features like two-way communications, health
and power usage web reports, remote frequency adjustments, and
powerful analytics that allow growers to build and save
strand-specific profiles for optimizing repeat growth cycles. The
lights will be expert-tested and ready for use prior to August 1,
2015.
Having placed this purchase order of $385,000, MCHI will now
avail itself of its $3 million dollar credit facility from three
private shareholders in non-convertible notes which bears an
interest rates of 18%.
Last week's land lease and LED purchase order will allow MCHI to
put three licensees on the five acres and start growing and
profiting with breakthrough technology. Additionally, MCHI has the
first right of refusal to lease additional land from FutureWorld.
"This will provide MCHI with all the real estate it needs to
facilitate the next 10 licensee's grows," commented INCC's CEO
Antonio F. Uccello.
ABOUT FUTUREWORLD CORP.
FutureWorld (Other OTC: FWDG), a Delaware corporation, is a
leading provider of advanced technologies and solutions to the
global cannabis industry. FutureWorld, together with its
subsidiaries, focuses on the identification, acquisition,
development, and commercialization of cannabis related products and
services, such as industrial Hemp. FutureWorld, through its
subsidiaries, provides personal and professional THC and CBD test
kits, pharmaceutical grade CBD oil solutions, SafeVape vaporizers,
smart sensor technology, communication network, surveillance
security, data analysis for smart cultivation and consultation for
the industrial hemp and legal medicinal cannabis. Our wireless
agricultural smart sensor networks offer precision to the
agriculture, irrigation systems, and greenhouses for the global
cannabis and hemp industry. FutureWorld and its subsidiaries do not
grow, distribute or sell marijuana.
To request further information about FutureWorld, please email
us at info@futureworldcorp.com, log onto our website
at http://www.futureworldcorp.com or visit us at our
Facebook page facebook.com/futureworldenergy or on Twitter
@futureworldinc.
Cameron Cox
VP FutureWorld (FWDG)
727-642-0099 C
727-474-1816 O EXT 103
About International Consolidated Companies, Inc.
(OTC:INCC) [Medical Cannabis Holdings, Inc.]
International Consolidated Companies, Inc. (OTC:INCC) is a
publicly traded company focused on acquiring and operating
businesses and technologies that will help drive efficiencies in
the medical marijuana market.
Forward-looking statements except for historical information are
contained herein. This document contains forward-looking statements
within the meaning of Section 21-E of the Securities Exchange Act
of 1934. These statements involve known and unknown risks and
uncertainties that may cause the company's actual results or
outcomes to be materially different from those anticipated and
discussed herein.
Further, the company operates in industries where securities
values may be volatile and may be influenced by regulatory and
other factors beyond the company's control. Other important factors
that the company believes might cause such differences are
discussed in the risk factors detailed in the company's annual
reports on Form 10-K and its quarterly reports on Form 10-Q both as
filed with the Securities and Exchange Commission, which include
the company's cash flow difficulties and rapid development of
technology, among other risks. In assessing forward-looking
statements contained herein, readers are urged to carefully read
all cautionary statements contained in the company's filings with
the Securities and Exchange Commission.
If you have any questions regarding information in these press
releases please contact the company listed in the press release.
Our complete disclaimer appears here.
Contact information:
Drew Newsom
(662) 219-3787
International Consolidated Companies, Inc. [Medical Cannabis
Holdings, Inc.]
SOURCE: International Consolidated Companies,
Inc.
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