Medical Marijuana Inc. (OTC PINK: MJNA) announced that its subsidiary, Wellness Managed Services' new company, MPS International (MPSI), has been awarded a large annual physical security contract with the Denver Mart.
The value of the contact is about $250,000.
The Denver Mart is the Rocky Mountain region's premier wholesale marketplace and was established in 1965. The venue is the hub for thousands of domestic and international events throughout the year and is the region's largest exposition, trade show and conference meeting facility, with approximately 400,000 sq. ft. of commercial space.
The Denver Mart selected MPSI from a field of several security agencies. "It's always nice to work with a company that has the same core values and discipline, not to mention we share the same kind of customer service mindset," said Ken Williams, Director, Event Sales and Operations for the Denver Mart.
On Apr. 25, MJNA share price closed at 21 cents, up 1 cent from its closing price of the 20 cents the previous day.
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Primco Management’s Developing iPhone and Android Apps for Its Medical-Marijuana Clinic
In other news, Primco Management Inc. (OTCQB: PMCM) announced it’s building and developing proprietary iPhone and Android apps for it medical marijuana clinic My Suzie Q's.
The app will allow active and potential patients to visit the company's mobile website and locate the nearest My Suzie Q's clinic with hours, menu and driving directions.
"The introduction of the My Suzie Q's app, coupled with our multi-level media campaign will increase consumer awareness of our brand and dramatically increase our patient base", stated Primco’s CEO David Michery. "In order to service the expansion of our new patients, Primco is pleased to announce plans for additional 5 to 6 clinics in Seattle over the next 12 months,” he added
It was Mar. 19 when Primco first announced it had acquired Seattle-based Suzie Q's, a medical marijuana collective fully licensed by the City of Seattle.
Suzie Q's has been in operation for more than four years and serves over 1,500 patients. The agreement calls for the purchase of 100% of the assets of the co-op as well as the purchase and transfer of a Tier I Production License granted by the Washington State Liquor Board.
Moving Forward
This is just the latest move by Primco to enlarge its footprint in the medical marijuana industry.
The company entered into a joint venture with British Columbia-based CanMed Ventures on Feb. 24 to build and operate a 30,000-square-foot cultivation facility for the production of medical marijuana.
Primco said it expects to be fully licensed within 6 months and generating first-year revenues exceeding $20 million.
Also Acquiring Property in Los Angeles
On Feb. 12 the company said it also planned to initially acquire property in the greater Los Angeles area with subsequent plans to extend its operations to Western states where medical marijuana is permitted by state law. The leased facilities will meet all zoning and licensing requirements for the ongoing, legal dispensing of medical cannabis. Primco will not engage in the cultivation or sale of medical cannabis or any of its byproducts.
On Apr. 25, PMCM’s share price closed at 0.003 cents, unchanged from its previous day’s change.
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Greengro Technologies Officially Opens Second of 50 Planned Stores
Meanwhile, Greengro Technologies Inc. (OTCPINK: GRNH), a company that provides construction and maintenance services for medical and recreational marijuana growers, announced the official grand opening of its Anaheim California store will be May 15th.
The Vertical Hydrogarden store soft opened this month with some 30,000 product offerings on shelves around the store. The Anaheim store is the second location with continued company expansion plan to reach 50 stores openings.
According to Greengro, the Vertical Hydrogarden shopping experience includes quality products and new product offerings designed from the inexperience grower to the experienced growers.
Guests will be welcomed into clean and full product offering with excellent services. The stores will also feature our vertical systems and our indoor modular grow rooms. Each Vertical Hydrogarden stores are projected to reach over $1MM annual sales.
Spate of Good News
This is just the latest piece of good news coming from the Anaheim, Calif.-based company
On Mar. 3, Greengro announced that its initial design bid for one of Arizona's grow and cultivation projects allowed under the Arizona Medical Marijuana Act has been accepted.
This first phase of the project encompasses site design and installation of Greengro's premier Modular Systems. Subsequent to mandatory tenant improvements, the project will begin in earnest in Q2 2014.
The project is a multiphased build for one of Arizona's indoor grow operations with all products and services provided by Greengro. Upon completion of the Modular Systems installation, Greengro will enter into the next phase comprised of fully automated maintenance and management systems.
GRNH share price closed at 30 cents on Apr. 25, down 3 cents from its share price of 27 cents the previous day.
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Vapor Group Inc. Products Were Showcased at U.S. Cannabis Cup
Finally, Vapor Group, Inc.’s (OTCQB: SPLI) stock volume continued to soar Apr. 25, with 8,712,212 changing hands.
This comes on the heels of the Davie, Fla.-based automobile parts firm that has morphed into a medical-marijuana accessory company’s announcement that it displayed its new, cutting-edge vaporizers at the High Times’ U.S. Cannabis Cup held at the Denver Mart, Denver, Colorado, on Apr. 19 to 20. More than 40,000 adults and 700 vendors are expected for the two-day public event.
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This latest good news comes less than a week after Vapor Group revealed that it had acquired a 51% ownership interest in online reseller of e-cigarette products and accessories, American Vaporizer LLC, marketer of the brand, “American Smoke.” Terms and conditions of the transaction weren't disclosed.
"We have been negotiating obtaining a majority ownership in this company for some time," said President of the Vapor Group Dror Svorai, in a written statement. "We have had a 25% ownership interest in American Vaporizer since its inception and believe that now is the time to increase our stake," he added.
Despite this positive announcement and the recently completed merger of AvWorks Aviation Corp., SPLI, and Vapor Group Inc., its stock has lost more than half of its value in less than a month.
On Apr. 25, SPLI’s share price closed at 9 cents, up 1 cent from the previous day’s close of 8 cents.
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