FAIRFAX, Va., Nov. 18, 2014 /PRNewswire/ -- Next Generation
Management Corporation (OTCQB:NGMC) announced today its
wholly owned subsidiary, NextGen Holdings, LLC, has entered the
rapidly growing cannabis infused edibles market by signing an
agreement with Merry Jan's Edibles,
an Oregon based bakery. Both
parties have agreed to terms; final partnership agreement is being
drafted.
Merry Jan's has more than 30
years baking experience and is currently supplying a small number
of existing marijuana dispensaries with a variety of gourmet
cookies, brownies and other baked goods and confections.
Merry Jan's THC infused Cannabutter
is made in house.
Darryl Reed, CEO of NextGen, said
that "now that Measure 91 has passed, legalizing marijuana in
Oregon, we will continue to expand
operations by strategic partnerships. Our role in the newly
formed partnership will be to assist in the expansion of the brand
by hiring sales staff, increase awareness through social media and
other forms of mass marketing. Merry Jan's is currently
working on rolling out a Holiday platter that will include cannabis
infused cookies, pecan pie bars, raspberry white chocolate bars and
chocolate mint brownies.
"NextGen also continues to look for a location in the
Portland, Oregon, area to open a
licensed dispensary," Mr. Reed said.
About Nextgen Holdings, LLC:
Next Generation
Management Corporation's wholly-owned subsidiary was formed to hold
its Oregon cannabis
assets.
("Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: This press release contains or may contain
forward-looking statements such as statements regarding the
Company's growth and profitability, growth strategy, liquidity and
access to public markets, operating expense reduction, and trends
in the industry in which the Company operates. The
forward-looking statements contained in this press release are also
subject to other risks and uncertainties, including those more
fully described in the Company's filings with the Securities and
Exchange Commission. The Company assumes no obligation to
update these forward-looking statements to reflect actual results,
changes in risks, uncertainties or assumptions underlying or
affecting such statements, or for prospective events that may have
a retroactive effect.)
Contact: Paul Knopick
pknopick@eandecommunications.com
940.262.3584
SOURCE Next Generation Management Corporation
