Apr 19 2010
International Merchant Advisors, Inc. (Pink Sheets: IMAI.PK) www.imaiinc.com announced today that the Healing Arts Cooperative Medical Marijuana dispensary located in San Diego, California has reached a record number of patients served at approximately 1300 and growing daily. IMAI's subsidiary, Organic Science, Inc., acts as the manager of the facility on behalf of its non profit owners. Healing Arts is fulfilling the needs of medical marijuana patients in San Diego, and continues to grow on a daily basis.
Organic Science CEO John Flinn commented on Healing Arts growth, "IMAI foresees substantial growth ahead for Healing Arts, including new locations and internally generated growth. Since we are paid management fees based on the gross revenues of Healing Arts, we benefit from every new dollar of revenue increase. IMAI is the only publicly traded company that is now generating actual revenues from the operations of medical marijuana clinics, and our revenue growth model of managing non profits and operating our own clinics for profit in those states that allow this will show substantial revenue increases for our shareholders."
Source:
International Merchant Advisors, Inc.