Integrated Ventures signs Letter Of Intent to acquire AgroPharma Laboratories & executes NDA to explore entering Medicinal Cannabis Sector
PHILADELPHIA, July 12, 2017 /PRNewswire/ -- Integrated Ventures, Inc. (OTCQB: EMSF) is pleased to announce the signing of an LOI to acquire assets of AgroPharma Laboratories ("APL"), a reliable and established revenue-generating manufacturer and distributor of industrial chemicals with a goal of becoming a dominant player in the nutritional, personal care, pharmaceutical, and specialty chemical supply chains.
In direct connection to the signing of this LOI, the Company would like to disclose the execution of a Non-Disclosure Agreement ("NDA") with a Private Company for the purposes of exploring a significant business opportunity involving a joint venture or acquisition of a pre-approved license for the Cultivation and Manufacturing of Medicinal Cannabis in Puerto Rico.
This NDA allows the Company to receive certain confidential documents, to enter into discussions and to initiate negotiations regarding forming a joint venture or acquiring a controlled stake and operating business of Cultivating and Manufacturing of Medicinal Cannabis.
Steve Rubakh, CEO, states, "We are continually evaluating business opportunities and looking to build up our portfolio and very excited about these two extremely synergistic transactions. We plan to register the combined entity under a new name of AgroPharmacia. The solid infrastructure that currently exists with APL will act as a launching pad for expansion of its market share and will facilitate an entry into high growth markets."
At the present time, the Company is conducting due diligence in regards to the commercial cultivation of medical marijuana under the newly established regulations pertaining to the cultivation of marijuana for medical purposes. While it is the intention of the Company to ultimately become a Licensed Cultivator and Manufacturer of Medicinal Cannabis, there can be no assurances that it will be able obtain the necessary legal permits to operate. At this time, no further details are available and the Company has not entered into any Definitive Agreements with the Private Company. The Company's discussions remain at a due diligence stage and there can be no assurances that both parties will enter into a Binding Agreement. The Company intends to update shareholders with any further updates as they become available.
The Company plans to file 8K to disclose details regarding recent Material Events, including:
- Distribution Agreement with Viva Entertainment Group.
- FINRA Filings to effectuate Corporate Name and Symbol changes.
- Letter Of Intent with AgroPharma Laboratories.
- Non-Disclosure Agreement in regards to the License for Medicinal Cannabis.
About Integrated Ventures, Inc.: The Company acquires, invests and operates revenue generating companies, primarily in the health care, mobile technologies, transportation and consumer goods markets that have a seasoned management team, solid operating histories, minimum debt, high growth potential and tangible assets, designed to mitigate investor risk. The Company is focused on implementing unique business strategies, on creating liquidity through asset based infrastructure, on supporting and improving operations, on securing and infusing growth capital, on maintaining and expanding a market presence in their niche sectors, while constantly enhancing this process by a multitude of initiatives.
For more details, please visit us at www.integratedventuresinc.com.
About AgroPharmacia: Founded in 1996, AgroPharma Laboratories is in the business of industrial chemicals and established itself as a strategic, reliable, and dominant player in the nutritional, personal care, pharmaceutical, and specialty chemical supply chains. The Company is headquartered in Salinas, PR and focused on manufacturing and distributing of household cleaners, adhesives, sealants, agricultural chemicals, pet supplies and OTC products.
For more details, please visit us at www.agropharmacia.com.
The aforementioned statement should be read in conjunction with the company's period filings made with the Securities and Exchange Commission.
Safe Harbor Statement: The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, and various other factors beyond the Company's control.
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