LOS ANGELES, March 25, 2014 /PRNewswire/ — Verde Media Group Inc. (OTC: VMGI) announces scheduled inspections have taken place on time to close the P&S agreement by its Diversified Agency Division (VDAD) in Denver, Colorado. The property at 795 S. Jason Street is a 6,000 square foot industrial space that will house Verde’s first partnered, OPC growing facility operated by master grower, Ryan McGowan.
VDAD entered into a term sheet agreement with Mr. McGowan for the property on February 27th, and is moving forward with site preparation and permitting. To date, the property has passed multiple inspections for its use as a large-scale horticultural space.
The company received its Phase I Environmental Assessment and property site plan by the architect for applicable zoning permit. The HVAC, major utilities including the electrical system’s amperage and power load have been verified, and the roof structures have passed inspection.
About Verde Media Group Inc.
Verde Media Group Inc. is a publicly traded company listed on the OTC Markets trading under the stock symbol: VMGI. Verde Media Group Inc. The company consists of three divisions:
Agency Division– The innovative Agency division services- public relations, marketing, and transaction functions for corporate clientele. The agency is rapidly expanding its business in the Denver, Colorado market that will become the largest retail marijuana sector currently legitimized.
BioTech Division– The VMBD division undertakes the business of developing and producing high value bio-products from renewable biomass. The focus and criterion is to develop proprietary microbial technologies with low risk scale-up methods employing low cost feedstock. VMBD will further develop the derivative and ester forms of THC for increase potency and their use in different delivery systems, including sublingual, inhaled dosage forms and blending with food products.
Entertainment Division– The company operates a managed media company with production, distribution, development, and acquisition functions for film and television.
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The results described herein cannot be guaranteed. This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are “forward-looking statements” that are based on current expectations and assumptions.