Connect with us

INDUSTRIAL HEMP

IMD Companies Inc (OTCMKTS:ICBU) Pronounces The Acquisition Of SG Minerals

Published

on

SG Minerals Mining Company now belongs to IMD Companies Inc (OTCMKTS:ICBU) and that is according to the announcement made today by the business guru. SG Minerals happens to be an audited mining company based in India and it is widely known for the mining of Iron Ore. A person well conversant with the matter but who wanted his identity kept anonymous for reasons best known to him disclosed that it has all along been making about a million on a yearly basis.

Details regarding the latest move

A SG mineral fits perfectly well into iMD’s business profile and reports indicate that they are remarkable compliment to a wide range of other mining projects that the business giant is constantly involved in.

SG Minerals has what it takes to operate in mining projects that iMD is reaching out for in Arizona and Nevada and can move along way helping with the extraction process of precious minerals. If all moves according to plan, iMD might soon be sharing with its shareholders each and every detail regarding the projects that SG Minerals is embarking on.

IMD’s objective is to purchase a number of mining companies in an effort to give a major lift to the shareholder value of the company. An official working with the company has said that at the moment the value of the company is undervalued.

Mr Pattnaik’s take regarding the matter

The Managing Director of LCG Mr. Ranjit Pattnaik opined, “We are excited to form this partnership with IMD Companies Inc. We feel that being part of a public company like IMD will give us more exposure and will also give us more visibility for business expansion with the other mining companies that IMD owns.”

He said that they anticipated striking business collaboration with the IMD team in the hope that both parties are set to benefit a huge deal. It will be about helping each other scale up its profits and revenues as well.

The two are currently looking forward to the completion of the definitive agreement since that will mark the beginning of even much better things to come.

Advertisement src="//cdn.bannersnack.com/iframe/embed.js">
Advertisement
Advertisement

Title

INDUSTRIAL HEMP3 months ago

Near-Term Headwinds Hit Scotts Miracle-Gro Co (NYSE:SMG) With A Huge Impact

Bank of America Corp (NYSE:BAC) has disclosed that Scotts Miracle-Gro Co (NYSE:SMG) has lately been experiencing several near term risks....

INDUSTRIAL HEMP3 months ago

Argitek Holdings Inc (OTCMKTS:AGTK) To Focus On Acquisition, Revenues & Profitability In 2018

Argitek Holdings Inc (OTCMKTS:AGTK) recently revealed that in 2018, the company’s main focus will be the acquisition, revenues, and profitability....

INDUSTRIAL HEMP3 months ago

PharmaCyte Biotech Inc (OTCMKTS:PMCB) Completes Pore Size Studies & 29 Tests Useful In Pancreatic Cancer Therapy

PharmaCyte Biotech Inc (OTCMKTS:PMCB) has said that the cells it is planning to use in the clinical trial in patients...

INDUSTRIAL HEMP3 months ago

Puration Inc (OTCMKTS:PURA) To Apply For Canadian Recreational Cannabis Cultivation License; To Give EVERx CBD Sports Water Free Samples

Puration Inc (OTCMKTS:PURA) recently announced that it will be applying for the Canadian recreational cannabis cultivation license. The confirmation came...

INDUSTRIAL HEMP3 months ago

Marijuana Company Of America Inc (OTCMKTS:MCOA)’s JV Completes 10,000 Sq. Ft. Greenhouse Set up; Provides Update on Oregon Project

Marijuana Company Of America Inc (OTCMKTS:MCOA) recently announced that its Joint Venture with Bougainville Ventures Inc. based in Washington has...

INDUSTRIAL HEMP3 months ago

Lifestyle Delivery Systems Inc.(OTCMKTS:LDSYF)’s CSPA Group Inc. Receives 15000 Reveur Units & 300 Liters Distillates’ Purchase Orders In Two Different Deals

Lifestyle Delivery Systems Inc. (OTCMKTS:LDSYF) recently made two big announcements related to the receipt of two open purchase orders to...

INDUSTRIAL HEMP3 months ago

Viaderma Inc (OTCMKTS:VDRM) Provides Update On Its Flagship Product Vitastem; Signs $250,000 Agreement With Vage Nigeria Ltd.

Viaderma Inc (OTCMKTS:VDRM), a publicly traded specialty pharmaceutical company recently announced an update on the sales of its flagship product...

INDUSTRIAL HEMP3 months ago

Plandai Biotechnology Inc (OTCMKTS:PLPL) Phytofare Gaining Traction in International Markets

Plandai Biotechnology Inc (OTCMKTS:PLPL) recently issued an update following the successful launch of its Phytofare® supplement. Plandai Biotechnology is a...

INDUSTRIAL HEMP3 months ago

MassRoots Inc (OTCMKTS:MSRT) Issues 2018 Annual Shareholder Letter

MassRoots Inc (OTCMKTS:MSRT) has issued its 2018 Annual Shareholder Letter highlighting on its recent developments as well as its plans...

INDUSTRIAL HEMP3 months ago

Players Network (OTCMKTS:PNTV) Signs Binding Letter Of Intent To Acquire A 56,000-Square-Foot, Fully Operating Greenhouse Complex

Players Network (OTCMKTS:PNTV), a leading integrated and diversified cannabis holding company has announced that it has signed a binding Letter...

Advertisement
Advertisement
Advertisement