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Home 🌿 Marijuana Business News 🌿 Medbox to Purchase 320-Acres of Agricultural Land in Colorado 🌿Medbox to Purchase 320-Acres of Agricultural Land in Colorado
Company Plans to Engage and Advise Licensed Grower of Hemp and Marijuana
Los Angeles, California (FSCwire) - Medbox, Inc. (OTCQB: MDBX), a provider of specialized services to the cannabis sector, including operators of dispensaries, cultivation centers, manufacturers and research facilities in those states where approved, today announced it has signed an agreement to purchase 320-acres of agricultural land in Pueblo, Colorado. Terms of the transaction, which is expected to be completed in August 2015, were not disclosed.
In what will be one of the largest cultivation centers in Colorado, Medbox plans to engage a licensed grower of hemp and marijuana, which it will advise on operations matters, ensuring proper oversight and compliance in the cultivation of high-quality commercial grade marijuana and hemp in a safe, controlled environment.
“This transaction is in alignment with our strategic growth initiatives and marks an important opportunity, as we secure relationships with professional sources who...
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