12/25/2023 0 Comments Amberlight portland cannabis![]() The words "may", "would", "could", "should", "potential", "will", "seek", "intend", "plan", "anticipate", "believe", "estimate", "expect", “confident” and similar expressions as they relate to the Company. (360) statements contained in this presentation constitute "forward-looking information" as such term is defined in applicable Canadian securities legislation. “We have started closing our binding acquisition agreements which are key to recognizing revenue and gaining shelf space for our soon-to-be-revealed products.” Since our conference call last week, we have started making progress on our stated milestones to build value for our shareholders,” Continued Mr. The cash portion of this deal was only $470,000 and we are getting a growing company with special talent and an enormous amount of data from existing customers in our segments. Third, it was a very good value for the talent, profits and revenues we expect to see from this company. Second, it comes with a template we can replicate in California for the dispensaries we start de novo from approved applications. First, it comes with a very talented team that we are pulling into our strategy to be a vertically integrated, branded products company. It has several important attributes that make it important as the first acquisition. “We are finally starting to see the regulatory process completed on the deals we signed early in the year,” said Jacob Gamble, CEO of Ventura Cannabis. *Closing of binding purchase agreements is dependent upon regulatory approvals and lease and other satisfactions. Divesting the two inpatient (detox) addiction treatment centers while retaining the rights to supply cannabis to patients in order to generate additional cash to invest in cannabis assets.Closing the previously announced acquisitions, as well as other agreements with revenue-generating companies that have dispensing and delivery licenses, totaling estimated additional $2.1 million per year in annual cannabis revenues.* - Partially Completed.Securing, through acquisition or application, three types of state and city-issued licenses: a manufacturing license, a distribution license and a cultivation license in California.The owner-operator will continue to operate the business with certain incentives to increase sales and profits.įor more on Amberlight and its sophisticated retail experience, see On May 1 st, 2019, the management team outlined its three most pressing milestones: At closing, Ventura will pay $403,000 in cash to the owner-operator of the dispensary. The acquisitions revenues and profits are expected to be reflected in the quarter ending Augand are projected to be $225,000 for the quarter according to management estimates. Amberlight is expected to generate $900,000 in annual revenue. (CSE:VCAN) (“ Ventura Cannabis”, “ VCAN”, or the “ Company”) is pleased to announce it has received conditional regulatory approval to close its acquisition of Amberlight, a Portland, Oregon dispensary which will serve as a template for the California dispensaries the Company has under contract or application. ![]() LOS ANGELES, (GLOBE NEWSWIRE) - Ventura Cannabis and Wellness Corp. ALL FIGURES IN CANADIAN DOLLARS UNLESS OTHERWISE SPECIFIED. ![]() NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
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