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Liberty Health Sciences Inc (OTCMKTS:LHSIF) Expands National Footprint with Controlling Interest in Massachusetts-based Cultivation and Dispensary Operation

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Liberty Health Sciences Inc (OTCMKTS:LHSIF) has announced that it will acquire 75% stake in William Noyes Webster Foundation, Inc (WNWF) which is based in Massachusetts. The deal is expected to cost the company $16 million and it will be completed subject to a binding term sheet.

WNWF has an integrated medical marijuana license which is exercisable in the Commonwealth of Massachusetts and owns a cultivation plant and a dispensary both of which are in the final stages of completion. It also owns a number of leases plus proposals from local government to put up two more dispensaries.

This take over will offer Liberty with a chance to tap into the raising medical cannabis marketplace in Massachusetts. That market currently has only 17 licensed operators against 47,424 patients plus a total population of around seven million people.  This population does not include the large population centers located in neighboring states which can easily be accessed by use of public transport.

The next big cannabis story to hit North America is Phoenix Life Science International (PLSI), traded in the US, but with the largest global production based in the tropics and a license to distribute worldwide. Take a look at Phoenix Life Science International PLSI), Its currently trading under $18 dollars per share on the OTC markets. Learn More Now!

The completion of this deal will be subject to receipt of all the needed approvals from the government of the State of Massachusetts, Massachusetts Cannabis Control Commission and Medical Use of Marijuana Program.

The foundation has a vertically integrated medical marijuana license, which was granted by the Massachusetts Department of Public Health. The license will allow Liberty to engage in cultivation, processing and distribution of medical cannabis all in one license.  Additionally, the transaction will offer Liberty with two more integrated medical cannabis licenses.  This will however be subject to approval of the applications by the Massachusetts Department of Public Health.

Holders of medical cannabis license like WNWF in Massachusetts will be prioritized compared to those who are not licensed holders, when it comes to acquiring   recreational cannabis licenses, a process that is slated for April 1, 2018. Holders of licenses are eligible to get three recreational licenses for every license for cultivation, processing and distribution of cannabis.

Liberty Director and CEO George Scorsis in a statement said the company has secured an important and strategic acquisition that will enable it apply some of the leading industry approach medical cannabis in the whole lifecycle from cultivation to marketing.

Pushing the barriers for global distribution, Phoenix Life Science International (PLSI) is the next cannabis play. Just think Canopy x 100, that is how big their plantation in the tropics will be. No lights, no green houses, just maximum growth + minimal cost = home run. Learn More Now!

   

Learn More About PLSI at your brokerage today!

         

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