Health Sciences Enters Into LOI With The Healing Center of Montana to Acquire Two Medical Marijuana Licenses
December 15 2009 - 11:53AM
Marketwired
Health Sciences Group, Inc. (PINKSHEETS: HESG) would like to
announce that it has entered into a letter of intent with The
Healing Center of Montana to purchase two operating licenses for
medical marijuana collectives in Park County, Montana and Lake
County, Montana. This transaction is contingent with standard due
diligence and anticipated to finalize before the end of the year.
The Healing Center of Montana, owned and operated by Mike Smith,
is the largest medical marijuana operation in the State of Montana
and also has a presence in Colorado. Mike Smith has been in the
Montana medical marijuana business since the state went legal.
"We anticipate this transaction to move very quickly, by the end
of the month if not sooner. Contracts and agreements are going back
and forth between the companies right now," stated Thomas Gaffney,
CEO of Health Sciences Group, Inc.
Gaffney continues, "Health Sciences Group intends on being the
first public medical marijuana company to derive actual revenues
from medical marijuana operations. Although The Healing Center is
non-profit, these two new locations would be for profit under a
management agreement."
Montana, unlike California, allows collectives to be for
profit.
ABOUT HEALTH SCIENCES GROUP, INC.
Health Sciences Group, Inc. is a provider of health and wellness
services to consumers, physicians and other healthcare
professionals through its website, www.igohealthy.org, and health
focused publications. The Health Sciences network consists of its
public website, www.igohealthy.org, and iGoHealthy Magazine. The
Company operates in three segments: Online Services, Publishing and
Other Services. The Company is recently exploring options of
corporate growth within the Legal Medical Marijuana Industry.
FORWARD-LOOKING DISCLAIMER
This press release may contain certain forward-looking
statements and information, as defined within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, and is subject to the Safe Harbor
created by those sections. This material contains statements about
expected future events and/or financial results that are
forward-looking in nature and subject to risks and uncertainties.
Such forward-looking statements by definition involve risks,
uncertainties and other factors, which may cause the actual
results, performance or achievements of Health Sciences Group, Inc.
to be materially different from the statements made herein.
Investors are highly advised to seek professional advice and
conduct a complete due diligence regarding this, or any other
company being considered for investment purposes. Investing in
securities, particularly in issues priced at less than $1 per
share, involves substantial risk and may result in a partial or
complete loss of investment capital. Health Sciences Group, Inc.,
its subsidiaries, officers and employees cannot guarantee the
completeness or accuracy of the information contained in company
press releases or other company communications. Press releases and
communications issued by the company should not be interpreted as
an offer to sell or a solicitation to buy company stock.
CONTACT:
Health Sciences Group, Inc.
Investor Relations
Frank Godleski
IR Representative
Email Contact: info@igohealth.org
Investors are highly advised to seek professional advice and
conduct a complete due diligence regarding this, or any other
company being considered for investment purposes. Investing in
securities, particularly in issues priced at less than $1 per
share, involves substantial risk and may result in a partial or
complete loss of investment capital. Health Sciences Group, Inc.,
its subsidiaries, officers and employees cannot guarantee the
completeness or accuracy of the information contained in company
press releases or other company communications. Press releases and
communications issued by the company should not be interpreted as
an offer to sell or a solicitation to buy company stock.
Add to Digg Bookmark with del.icio.us Add to Newsvine
CONTACT: Health Sciences Group, Inc. Investor Relations Frank
Godleski IR Representative Email Contact: Email Contact
Health Sciences (CE) (USOTC:HESG)
Historical Stock Chart
From Apr 2024 to May 2024
Health Sciences (CE) (USOTC:HESG)
Historical Stock Chart
From May 2023 to May 2024