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MJ Harvest Signs Agreement to Purchase Cannabis Extraction and Manufacturing Licenses and Assets for Colorado Operations

MJ Harvest Signs Agreement to Purchase Cannabis Extraction and Manufacturing Licenses and Assets for Colorado Operations

MJ Harvest 签署协议,为科罗拉多州的业务购买大麻提取和制造许可证及资产
Accesswire ·  2022/02/16 19:06

LAS VEGAS, NV / ACCESSWIRE / February 16, 2022 / MJ Harvest, Inc. ("MJHI") (OTCQB:MJHI) announced today that its wholly-owned subsidiary, Country Cannabis Inc., a Colorado corporation ("CCCO"), has entered into an Asset Purchase Agreement dated February 8, 2022, to purchase cannabis and extraction licenses and certain equipment to operate a cannabis manufacturing facility in Denver, Colorado. The purchase price is 100,000 common shares of MJHI. With this acquisition, MJHI is now affiliated with active operations in Arizona, Colorado, Oklahoma and South Dakota, either through direct ownership or through affiliated entities, including PPK Investment Group, Inc. ("PPK"), an Oklahoma company that is 25% owned by MJHI.

内华达州拉斯维加斯/Accesswire /2022 年 2 月 16 日/ MJ Harvest, Inc.(“MJHI”)(OTCQB: MJHI)今天宣布,其全资子公司科罗拉多州的一家公司 Country Cannabis Inc. 已签订了日期为2022年2月8日的资产购买协议,以购买大麻和提取许可证以及某些设备,以在科罗拉多州丹佛市运营大麻制造工厂。收购价格为MJHI的10万股普通股。通过此次收购,MJHI现在通过直接所有权或通过关联实体隶属于亚利桑那州、科罗拉多州、科罗拉多州、俄克拉荷马州和南达科他州的活跃业务,其中包括由MJHI持有25%股权的俄克拉荷马州公司PPK Investment Group, Inc.(“PPK”)。

The acquisition is subject to approval of the State of Colorado Department of Revenue Marijuana Enforcement Division and the City of Denver, and the closing will take place two days after both approvals are received. Pending transfer of the licenses, CCCO will operate the Denver facility under the seller's licenses pursuant to a License Agreement dated February 14, 2022, entered into by the parties. CCCO will provide intellectual property, product formulations, technical expertise and manufacturing and support personnel to the Denver operations and will receive 85% of the net operating revenues after payment of all operating expenses associated with the Denver facility. Once the license transfers are approved, CCCO will become owner-operator of the Denver facility.

此次收购有待科罗拉多州税务局大麻执法部门和丹佛市的批准,并将在获得两项批准的两天后完成收购。在许可证转让之前,CCCO将根据双方签订的2022年2月14日许可协议,在卖方的许可下运营丹佛工厂。CCCO将为丹佛业务提供知识产权、产品配方、技术专业知识以及制造和支持人员,在支付与丹佛工厂相关的所有运营费用后,将获得净营业收入的85%。许可证转让获得批准后,CCCO将成为丹佛设施的所有者兼运营商。

CCCO is working with PPK to develop best manufacturing and quality control practices for the business and PPK will be paid fair value for the services it provides for the Denver operations.

CCCO正在与PPK合作,为该业务制定最佳的制造和质量控制实践,PPK将因其为丹佛业务提供的服务获得公允价值报酬。

The Denver operations are located in a leased facility. The lease term is five years with base rent of $6,000 per month and approximately $1,700 per month for triple net charges. The lease provides for base rental increases of 5% per year after the first year.

丹佛业务位于租赁设施内。租赁期为五年,基本租金为每月6,000美元,三倍净费用约为每月1,700美元。租约规定,在第一年之后,基本租金每年增加5%。

Patrick Bilton, Chief Executive Officer of MJHI commented, "This acquisition reflects our continuing efforts to expand our multistate operations by locating and acquiring assets and licenses that are available on favorable terms. I recently visited our operations in Oklahoma, and we couldn't be happier with our relationship with PPK and the Country Cannabis Brand. We continue to leverage PPK's expertise and look forward to establishing the Country Cannabis brand in Colorado in the near term."

MJHI首席执行官帕特里克·比尔顿评论说:“此次收购反映了我们通过寻找和收购以优惠条件获得的资产和许可证来扩大多州业务的持续努力。我最近参观了我们在俄克拉荷马州的业务,我们对与PPK和Country Cannabis Brand的关系再满意不过了。我们将继续利用PPK的专业知识,并期待在短期内在科罗拉多州建立Country Cannabis品牌。”

Beginning with the PPK investment in March of 2021, MJHI has focused on expanding its operations, both through its PPK ownership interest, and as an owner-operator, to include the Country Cannabis Brand and other licensed products sold under the Chronic, Weedsy, BLVK, Sublime and Native Nations Brands. MJHI continues to seek out and evaluate brand license opportunities, and business or asset acquisition opportunities as it grows its multistate operations.

从2021年3月对PPK的投资开始,MJHI一直专注于通过其PPK所有权和作为所有者兼运营商扩大其业务,将Country Cannabis品牌和其他以Chronic、Weedsy、BLVK、Sublime和Native Nations品牌出售的许可产品包括在内。随着多州业务的发展,MJHI继续寻找和评估品牌许可机会以及业务或资产收购机会。

About MJ Harvest Inc.
MJHI cultivates, harvests, processes, manufactures and sells cannabis products through its growing relationship with PPK. PPK sells and markets cannabis flower and edibles throughout Oklahoma and through a joint venture relationship with the Flandreau Santee Sioux Tribe in Flandreau, South Dakota.

关于 MJ Harvest Inc.
MJHI通过与PPK的关系不断发展,种植、收获、加工、制造和销售大麻产品。PPK在俄克拉荷马州各地销售和销售大麻花和零食,并通过与南达科他州弗兰德利奥的弗兰德雷奥·桑蒂苏族部落建立合资关系。

MJHI also acquires and markets products and technologies that are designed to benefit growers and processors in the horticultural and agricultural industries. MJHI launched to provide a professionally designed and maintained web-based marketing outlet for the company's brands and technologies.

MJHI还收购和销售旨在使园艺和农业行业的种植者和加工者受益的产品和技术。MJHI的成立旨在为公司的品牌和技术提供专业设计和维护的网络营销渠道。

Forward-Looking Statements
This press release contains forward-looking statements and information. Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. No assurances are, or can be given, that the parties will obtain clearance for transfer of the licenses or otherwise be able to close the Asset Purchase Agreement, that the terms of the transactions will not change materially from the terms described above, or that the applicable potential transactions will be consummated. Certain conditions to the closing of the potential transaction are outside of the parties' control and the parties cannot provide any assurance that the conditions will be satisfied. The Company assumes no obligation to update any forward-looking statement to reflect any event or circumstance that may arise after the date of this release.

前瞻性陈述
本新闻稿包含前瞻性陈述和信息。尽管本新闻稿中的前瞻性陈述反映了管理层的真诚判断,但前瞻性陈述本质上受已知和未知的风险和不确定性的影响,这些风险和不确定性可能导致实际结果与这些前瞻性陈述中讨论的结果存在重大差异。敦促读者不要过分依赖这些前瞻性陈述,这些陈述仅代表截至本新闻稿发布之日。没有或无法保证双方将获得许可证转让许可或以其他方式达成资产购买协议,交易条款不会与上述条款发生重大变化,也无法保证适用的潜在交易将完成。完成潜在交易的某些条件不在双方的控制范围内,双方无法保证这些条件将得到满足。公司没有义务更新任何前瞻性陈述以反映本新闻稿发布之日之后可能发生的任何事件或情况。

CONTACT:
MJ Harvest, Inc.
9205 West Russell Rd., Ste. 240
Las Vegas, NV 89148
Telephone: 954.519.3115
Tcktsllc@earthlink.net @HARVESTMJ

联系人:
MJ Harvest, Inc.
西罗素路 9205 号,第 240 号
内华达州拉斯维加斯 89148
电话:954.519.3115
Tcktsllc@earthlink.net @HARVESTMJ

SOURCE: MJ Harvest, Inc.

来源: MJ Harvest, Inc.


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