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Primco Amends Agreement with CanMED to Include 100% Ownership in British Columbia Medical Marijuana Cultivation Facility
LOS ANGELES, March 10, 2014 /PRNewswire/ --Primco Management Inc. (OTCQB: PMCM), a fully integrated multi-media entertainment and real estate development company, today announced that the Company has amended its agreement with CanMED Ventures regarding the planned 30,000 square foot medical marijuana cultivation facility, whereby Primco will own 100% of the building, land and equipment and has granted CanMED a 10-year management contract for the operation of the Joint Venture.
"The amended agreement with CanMED allows Primco to execute on its new direction of ownership of real estate assets related to the medical cannabis," stated David Michery, CEO. "We have plans this week to view a number of properties in southern British Columbia and expect to announce a land acquisition in the next few weeks. Granting CanMED a 10-year management agreement displays our confidence in David Irwin and his team and gives Primco the freedom to expand our presence under similar arrangements with other medical marijuana producers. We look forward to completing this initial venture in the very near future and will keep our shareholders informed of these very exciting developments as they occur."
About Primco Management Inc.:
Through its wholly-owned subsidiaries, ESMG Inc., Top Sail Productions and D & B Music, Inc., the Company operates as an integrated entertainment company with divisions in music and film production and distribution. Primco also operates in various aspects of the real estate industry. (For additional information, visit www.primcousa.com).
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
David Michery, CEO
SOURCE Primco Management Inc.
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