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Home 🌿 Cannabis Technology News 🌿 Nevada Based Marijuana Testing Lab Company, MA & Associates, LLC Becomes a 100% Wholly-Owned Subsidiary Of Pazoo 🌿

Nevada Based Marijuana Testing Lab Company, MA & Associates, LLC Becomes a 100% Wholly-Owned Subsidiary Of Pazoo

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Submitted by Marijuana News on Wed, 06/24/2015 - 09:23

WHIPPANY, N.J., June 24, 2015 /PRNewswire/ -- Pazoo, Inc. (OTC Pinks: PZOO) (German WKN#: A1J3DK), is pleased to report that on Wednesday, June 3, 2015,  Pazoo acquired the remaining 60% of MA & Associates, LLC in exchange for 900,000 shares of Pazoo's Series C. Preferred stock. This now makes MA & Associates, LLC a 100% wholly-owned subsidiary of Pazoo.

Pazoo is now comprised of three wholly-owned subsidiaries: MA & Associates, LLC, Harris Lee, LLC, and CannabisKing Distribution, LLC. 100% of the revenue generated by each subsidiary will now be consolidated and recorded on Pazoo's financial statements moving forward.  Management teams from both MA and Pazoo collaboratively felt this move was in the best interests of all parties involved to maximize the inherent value for the overall company.

MA & Associates CEO, Antonio Del Hierro, commented, "The MA Management team felt that it was the perfect moment to have MA & Associates completely join the Pazoo Family of...

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http://www.prnewswire.com/news-releases/nevada-based-marijuana-testing-lab-company-ma--associates-llc-becomes-a-100-wholly-owned-subsidiary-of-pazoo-300103885.html

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