International Merchant Advisors, Inc. Subsidiary Signs Agreement to Manage Healing Arts Licensed Medical Marijuana Dispensary in San Diego, California
KINGWOOD, Texas, April 8 International Merchant Advisors, Inc. (Pink Sheets: IMAI) www.imaiinc.com announced today that the company's subsidiary, Organic Science, Inc. has signed a management agreement to operate the Healing Arts Cooperative Medical Marijuana dispensary located in San Diego, California and to operate the cooperative as the manager of the facility on behalf of its non profit owners. Healing Arts is an existing, revenue generating facility, fulfilling the needs of medical marijuana patients on a daily basis.
Organic Science CEO John Flinn said, "IMAI intends to become one of the leading managers and owners of both non profit facilities in California and for profit centers in those states such as Colorado that allow the operation of for profit medical marijuana clinics. Unlike other public companies in this space, such as Medical Marijuana Inc. or Cannabis Science Inc., we believe that IMAI is the only publicly traded company that is now generating actual revenues from the operations of clinics, and we project additional revenues over the next twenty four months that exceed $10,000,000 from facilities that we either already manage today or have active plans in place for opening and operation."
About International Merchant Advisors, Inc.
International Merchant Advisors, Inc. (IMAI) www.imaiinc.com is an international business banker and builder of companies focused on the development of Wellness Centers and Medical Marijuana clinics as a natural alternative for individuals suffering from chronic pain. IMAI intends to bring professional systems and controls to this highly fragmented mom and pop business, with medical supervision and legal compliance standards designed to raise the performance bar for those entering this highly regulated business segment. The company will acquire existing businesses, license and develop new clinics, and will act as an operations manager for non profit entities that dispense medical marijuana.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report.
SOURCE International Merchant Advisors, Inc.
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