ST. PETERSBURG, FL / ACCESSWIRE / January 21, 2015 / International Consolidated Companies (OTC markets INCC) Antonio Uccello, CEO of International Consolidated Companies, Inc. and Drew Newsom, President of Medical Cannabis Holdings, Inc (MCHI) are proud to announce that MCHI through its wholly owned subsidiary, GPS La Vita, Inc. (a Colorado corporation) has entered into an agreement to lease five acres of real property located in Huerfano County, Colorado from FutureWorld Corp (OTCQB: FWDG).
FutureWorld (Other OTCQB: FWDG), a Delaware corporation, is a U.S. Diversified Holding Company formed to capitalize on the burgeoning Cannabis markets globally. FutureWorld, together with its subsidiaries, focuses on the identification, acquisition, development, and commercialization of cannabis related products, such as industrial hemp. FutureWorld, through its subsidiaries such as HempTech and CB Scientific, provides personal and professional THC and CBD test kits, pure CBD oil solutions, smart sensor technology, communication network, surveillance security, and data analysis for smart cultivation and consultation for industrial hemp and legal medicinal cannabis. Our wireless agricultural smart sensor networks offer precision to agriculture, irrigation systems, and greenhouses for the global cannabis and hemp industry.
A Tier 1 (3600 plants) license application will be submitted to the county office once the required LOI and site plan are completed by our lawyer and engineer. We anticipate this happening in the next couple of weeks. The first of three buildings will be a 10,000 sq ft greenhouse structure, which we expect to be built by the end of Q2.
We are looking forward to the relationship with FutureWorld Corp. We now have the ability to execute up to 10 licenses on this property. Once state and local licenses are issued, Medical Cannabis Holdings' clients will file for additional licenses with the county and state.
According to our pro forma and its assumptions, which may change, management believes a Tier 1 license may produce up to $10,000,000 per annum in revenue. This license will be upgraded to Tier 2 (6000+ plants) once proof is shown to state regulators that the licensee can grow and sell successfully for two quarters. Tier 3 (10,200 plants) annualizes at approximately $33 million per annum.
The company is excited for the licensee to get "growing" on this project.
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.
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International Consolidated Companies, Inc. [Medical Cannabis Holdings, Inc.]
SOURCE: International Consolidated Companies, Inc.