Dec 5 2009
Health Sciences Group, Inc. (PINKSHEETS: HESG) would like to announce that it is in strong negotiations to acquire a minority stake in two separate Montana-based marijuana growing, distribution and care giving operations.
"This is part of our strategy, acquiring existing operations as well as starting new operations. We feel that the profits in Medical Marijuana are in growing and transportation of marijuana," states Thomas Gaffney, CEO of Health Sciences Group.
Gaffney continues, "We are still working with Medical Marijuana, Inc. on doing business in California and we are also exploring operation businesses in Colorado."
The deals would more or less be partnerships. HESG would fund the operations for expansion and growth of the existing business. The negotiations are moving quickly and we expect them to close no later than the end of December 2009 or the first of the year.
"With these acquisitions, HESG would be the first public company with actual operation of a Medical Marijuana business," states Gaffney. "Once the preliminary documents are decided and signed we will announce the names; until then we are keeping the names of the Companies under wraps. The public can expect the names of the companies to be exposed by the middle of next week."
In the State of Montana you must be licensed as an actual caregiver to grow marijuana. Combined, each of these operations have approximately 100 patients combined.
Source:
Health Sciences Group, Inc.