Last $0.0033 USD
Change Today 0.0001 / 3.13%
Volume 53.6M
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As of 1:12 PM 04/24/14 All times are local (Market data is delayed by at least 15 minutes).

primco management inc (PMCM) Snapshot

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04/25/13 - $0.04
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primco management inc (PMCM) Details

Primco Management Inc., through its subsidiaries, operates as a real estate management and property development company in the United States. The company is involved in acquisition of properties for lease to licensed retailers and manufacturers of medical marijuana for the cultivation of medical cannabis. It also produces and distributes recorded music, and motion pictures and television programs. The company is based in Hollywood, California.

3 Employees
Last Reported Date: 04/15/14

primco management inc (PMCM) Top Compensated Officers

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primco management inc (PMCM) Key Developments

Primco Management Begins Construction on Suzie Q Dispensary

Primco Management Inc. announced that the company has begun construction on Suzie Q's in the final phase of the Washington State Liquor Board Tier I Producer/Processor licensing process. Once completed, the new upgraded and fully compliant facility will pave the way for the issuance of the Producer/Processor License. The Suzie Q facility utilizing proprietary cultivation methods which will produce the high quality medical cannabis in the entire Northwest.

Primco Management Inc. announced delayed annual 10-K filing

On 03/31/2014, Primco Management Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Primco Management Inc. Enters into a Joint Venture Agreement with CanMED Ventures Inc

On February 23, 2014, Primco Management Inc. entered into a joint venture agreement with CanMED Ventures Inc. Under this agreement, the two companies will be combining their efforts and assets for the creation, management, operation and other functions necessary to cultivate and dispense medical marijuana. CanMED is responsible for all operations and decisions of the joint venture regarding the planning, staffing, management and operation of dispensing and cultivation, as well as for securing final approval from all regulatory bodies for the creation of up to 30,000 square feet of medical marijuana cultivation. The Health Canada license, which will be held in the name of CanMED pursuant to Canadian regulations, will be shared equally with Primco Management. Primco Management is responsible for funding up to $4,000,000 in Canadian currency, including working capital, as is necessary to carry out the business plan of the joint venture. Primco Management will enter into suitable lease agreements with CanMED for any acquired land, buildings and equipment required for operations. The lease payments shall not exceed $10 per year provided all income payments are in good standing. During the course of this joint venture, all distributable income will be allocated as follows: 70% to the registrant, 5% to Cannova Health Inc., and 25% to CanMED until such a time that the registrant has recouped its total investment. Thereafter, all distributable income shall be allocated as follows: 50% to CanMED, 40% to the registrant, and 10% to Cannova. Total revenues will be claimed by the registrant for accounting purposes on their financial statements, provided that this does not affect CanMED's operations. Each party shall have full, exclusive and complete authority and discretion in the management and control of the business of the joint venture as it relates to their respective responsibilities and shall make all decisions affecting their respective business with the joint venture. Neither party shall have any authority or right to act for or bind the joint venture. The joint venture will be dissolved on the occurrence of any of the following events: the adjudication of bankruptcy, filing of a petition pursuant to a chapter of the federal bankruptcy act, withdrawal, removal or insolvency of either of the parties; the sale or disposition of the joint venture assets; mutual agreement of the parties; violation by either party of the medical marijuana laws of any state, city, or municipality where they shall engage business; or violation of any terms of this agreement.


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Price/Sales 289.2x
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TEV/Sales 192.3x

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