http://biz.yahoo.com/prnews/031118/to098a_1.html
TORONTO, Nov. 18 /PRNewswire/ - Medical Cannabis Inc. (the 'Company'), is in negotiation with a TSX/NASD:BB public company, pursuant to which the Company, Medical Cannabis Inc., has agreed to sell 51% ownership to the public company and an option on the additional 49%. The agreement may be concluded this week.
"I believe people will support the offering in the public markets and it would be a favourable way to participate in an often-considered imaginative endeavor. What is unique about this business proposal is that as a public company everyone now has a sincere and legal way to potentially make money in a budding marijuana industry. The stock can go sky-high," comments Mr. Warren Eugene, Chairman of Medical Cannabis Inc. "The company views the current prohibition of marijuana as similar to that of alcohol and tobacco. If Sam Bronfman were alive today, he may very well be lobbying the government for bonded cannabis warehouses."
Forbes Magazine recently reported in November 2003 that the controversial plant holds an important place in world history and culture, not to mention business. Canada's marijuana crop is estimated at $4 billion to $7 billion. If it were controlled by a single company, it would be larger than Canada's oil and gas businesses and Canada's agricultural industries.
TORONTO, Nov. 18 /PRNewswire/ - Medical Cannabis Inc. (the 'Company'), is in negotiation with a TSX/NASD:BB public company, pursuant to which the Company, Medical Cannabis Inc., has agreed to sell 51% ownership to the public company and an option on the additional 49%. The agreement may be concluded this week.
"I believe people will support the offering in the public markets and it would be a favourable way to participate in an often-considered imaginative endeavor. What is unique about this business proposal is that as a public company everyone now has a sincere and legal way to potentially make money in a budding marijuana industry. The stock can go sky-high," comments Mr. Warren Eugene, Chairman of Medical Cannabis Inc. "The company views the current prohibition of marijuana as similar to that of alcohol and tobacco. If Sam Bronfman were alive today, he may very well be lobbying the government for bonded cannabis warehouses."
Forbes Magazine recently reported in November 2003 that the controversial plant holds an important place in world history and culture, not to mention business. Canada's marijuana crop is estimated at $4 billion to $7 billion. If it were controlled by a single company, it would be larger than Canada's oil and gas businesses and Canada's agricultural industries.
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