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Volume 15.0M
As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

primco management inc (PMCM) Snapshot

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03/26/14 - $0.0066
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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.

primco management inc (PMCM) Top Compensated Officers

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primco management inc (PMCM) Key Developments

Primco Management Seeks Acquisitions

Primco Management Inc. (OTCBB:PMCM) will consider acquisitions. Primco has redirected its real estate focus to acquiring properties specifically for lease to legalized medical marijuana cultivation growers and to investment, potentially with joint ventures, in business associated with the legalized growing of medical marijuana.

Primco Management Inc. announced delayed 10-Q filing

On 08/14/2014, Primco Management Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Primco Management, Inc. Enters into Letter Agreement with DTRB Management Inc

On July 19, 2014, Primco Management Inc. entered into letter agreement with DTRB Management Inc. d/b/a Casico. This letter agreement terminates 36 months from the signing of the letter. This letter the terms under which the two parties will develop one or more properties and establish medical marijuana grow-room rental facilities and dispensaries in the State of Michigan. Under this agreement, the company will use reasonable commercial efforts to secure $350,000 in funding to develop the properties for the development purposes described above. Upon receipt of the funding, the company shall develop the development properties and lease them to DTRB for a monthly rental amount equal to $1, plus 50% of the facilities profits. All expenses undertaken by the facilities must be approved by both parties. The company will receive 50% equity in all of the projects undertaken by DTRB, including DTRB operations and future growth within the State of Michigan, net equity from medical marijuana products and proprietary software, and any and all other net equity of DTRB through the later of the term of the letter. The company has the exclusive right to exploit all of DTRB's products throughout the world for the period covered by the letter. The letter is governed by California law, and any lawsuits occurring under this letter are subject to California's jurisdiction. Both parties agree that the value of the letter is $1,000,000.


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Price/Sales 87.8x
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