Cannabis Medical Solutions, Inc., a provider of online and wireless merchant payment solutions for the medical marijuana dispensary business, has signed a letter of intent (LoI) to acquire an equity interest in eight medical marijuana dispensaries from Green Medicals, LLC.
Green Medicals is an operator of medical marijuana dispensaries in the US. Both the parties are based in the US.
The transaction will give CMSI operating interest in up to eight dispensaries in exchange for cash and equity to be disclosed upon signing of definitive agreement within the next two weeks.
Deal Type Acquisition
Sub-Category Asset Purchase
Deal Status Announced: 2010-07-26
Deal Participants
Target (Company) Green Medicals LLC - Eight Medical Marijuana Dispensaries
Acquirer (Company) Cannabis Medical Solutions, Inc.
Vendor (Company) Green Medicals LLC
Deal Rationale
The transaction will enable Cannabis to enhance its business franchising model and brand.
NewsHawk: Ganjarden: 420 MAGAZINE
Source: TradingMarkets.com
Copyright: 2010 The Connors Group, Inc.
* Thanks to MedicalNeed for submitting this article
Green Medicals is an operator of medical marijuana dispensaries in the US. Both the parties are based in the US.
The transaction will give CMSI operating interest in up to eight dispensaries in exchange for cash and equity to be disclosed upon signing of definitive agreement within the next two weeks.
Deal Type Acquisition
Sub-Category Asset Purchase
Deal Status Announced: 2010-07-26
Deal Participants
Target (Company) Green Medicals LLC - Eight Medical Marijuana Dispensaries
Acquirer (Company) Cannabis Medical Solutions, Inc.
Vendor (Company) Green Medicals LLC
Deal Rationale
The transaction will enable Cannabis to enhance its business franchising model and brand.
NewsHawk: Ganjarden: 420 MAGAZINE
Source: TradingMarkets.com
Copyright: 2010 The Connors Group, Inc.
* Thanks to MedicalNeed for submitting this article
