Sarasota, FL / ACCESSWIRE / July 11, 2014 / INCC reported today that it entered into a Binding LOI to build a 5,000 Square foot facility in Salida Colorado. This facility will be the first of what the company believes will be several buildings it will have constructed with it’s proprietary turnkey hydroponic system for lease back to licensed growers. The system/building should yield 4800 pounds of medical cannabis per annum.
“We believe this should be the best and highest use of the GroPro Systems, Inc. technology and are excited to move to a definitive lease back agreement in the coming weeks! Management believes revenue should be significant,” commented Antonio F. Uccello III, INCC Chairman and CEO.
Additionally, pursuant to the definitive acquisition agreement, Constantine J. Mehos has been added to INCC’s board of directors.
Mr. Mehos was born in Denver, Colorado. He has 10 years experience in growing plants hydroponically. Over the past decade he has developed what he believes to be the most efficient and innovative system yet. Mr. Mehos attended USF in Tampa, FL with a concentration in Botany and Photography. He recently formed GroPro System, Inc. to commercialize his technology.
Due to an unforeseen death in our Accountant’s family late Wednesday, we will not be filing our financial statements today. We send our thoughts and prayers to him and his family at this very trying time.
About Medical Cannabis Holdings, Inc. (Formerly International Consolidated Companies, Inc.)
International Consolidated Companies, Inc. (OTC: INCC) is a publicly-traded company focused on acquiring and operating businesses and technologies that will help drive efficiencies in the medical marijuana market.
Forward Looking Statements
Except for historical information contained herein, this document contains forward-looking statements within the meaning of Section 21-E of the Securities Exchange Act of 1934. These statements involve known and unknown risks and uncertainties that may cause the Company’s actual results or outcomes to be materially different from those anticipated and discussed herein. Further, the Company operates in industries where securities values may be volatile and may be influenced by regulatory and other factors beyond the Company’s control. Other important factors that the Company believes might cause such differences are discussed in the risk factors detailed in the Company’s annual reports on Form 10-K and its quarterly reports on Form 10-Q both as filed with the Securities and Exchange Commission, which include the Company’s cash flow difficulties and rapid development of technology, among other risks. In assessing forward-looking statements contained herein, readers are urged to carefully read all cautionary statements contained in the Company’s filings with the Securities and Exchange Commission.
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International Consolidated Companies, Inc.
SOURCE: International Consolidated Companies, Inc.