Turbo Global Partners Signs Agreement to Acquire Medical Marijuana, CBD Oils, Hemp-Infused Vodka Production Company
(firmenpresse) - CARSON CITY, NV -- (Marketwired) -- 04/11/17 -- Turbo Global Partners (TURBO) trading as DIBZ International, Inc. (OTC PINK: DIBZ), has announced it has signed a Letter of Intent to acquire 100% of Indica Islands Company (INDICA), growers-producers and processors of Medical Marijuana "MMJ", Cannabinoid products "CBD", and Hemp-infused Vodka. INDICA is an operating division of Island Capital, Inc.
Robert Singerman, CEO of TURBO, states, "When we announced recently we had formed a Medical Marijuana Business Unit, our plan was at a minimum to seek a joint venture partner who is an operating grower-processor of MMJ, Hemp and Cannabinoid products. After months of due diligence, we have a signed a Letter of Intent to acquire one of the premiere companies in the emerging MMJ industry. Without question INDICA () is one of the top tier companies in the space. INDICA owns 1,000 acres in Kentucky for their MMJ grow and processing operations, and the INDICA Hemp-infused Vodka brand is produced by a Master distillery in Pikeville County in Eastern Kentucky. Our acquisition is scheduled to close mid-May, 2017 whereby INDICA will become a wholly-owned subsidiary. And the best part, INDICA is already generating revenues which meets our core objective of long-term predictable renewable cash flow."
"It is a historic moment for INDICA to be acquired by TURBO," states Patrick R. Thomas, Vice President and Director of Operations for Island Capital, Inc. He continues, "This is a win/win for all parties, both in the near-term and long-term. INDICA has created predictable long-term recurring revenue in one of the fastest growing industries in the U.S., but INDICA also intends to maximize TURBO's synergies in the near-term helping the INDICA brand better reach discerning consumers of MMJ, Cannabinoid products and of course our Hemp-infused Vodka."
TURBO is a diversified investment management company that partners with companies that generate long-term renewable predictable cash-flow anywhere in the world.
Statements made in this press release that express the Company or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words "believe," "expect," "intend," "estimate," "anticipate," "will" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company's forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company's future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.
Robert W Singerman
Chairman and CEO
Turbo Global Partners, Inc.
Formerly DIBZ INTERNATIONAL, INC.
Direct / +1(813)786-5400
Fax / +1(888)417-0853
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Datum: 11.04.2017 - 12:00 Uhr
Sprache: Deutsch
News-ID 535661
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CARSON CITY, NV
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Farming
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