Dec 2 2009
Health Sciences Group, Inc. (PINKSHEETS: HESG) would like to announce that:
1. It has had positive feedback from Medical Marijuana, Inc. (MJNA) about the expansion and revenue producing areas allowed within the United States pertaining to marijuana collectives versus marijuana dispensaries. The revenues to be generated through collectives (the grow end) is much more lucrative than entering into management fees non-profit marijuana dispensaries. On a side note it is estimated that the growing end of marijuana through collectives in California can exceed revenue of $400,000 per month. Therefore the Company will be immediately seeking opportunities within the "growing and transportation" end of legalized marijuana licensing.
2. The Company has entered into preliminary negotiations with Greenway University for joint venture / consulting agreements for Colorado operations pertaining to growing, transportation and dispensaries.
3. The Company has been in preliminary talks with growers and dispensaries in Montana and Oregon for possible joint ventures or acquisitions.
We believe that we-Health Sciences have entered this industry at the right time. We believe that if we continue to make progress and develop relationships with people within the movement of using marijuana for medical purposes we will all succeed.
SOURCE: Health Sciences Group, Inc