Infinity Target Acquisition Books Sale in Excess of $1 Million
June 12 2014 - 9:00AM
Business Wire
Infinity Minerals Corp. (IFN.C), said today its acquisition
target The Herbal Clone Bank Inc. (THC Bank) (news release
June 02, 2014) has
reported a sale through its subsidiary, Advanced
Greenhouse Technologies (AGT), of a complete
fully-automated greenhouse system. The company said the
sale is valued in excess of $1.0 million. The
40,000 sq ft project will commence by
mid-summer of 2014 with completion slated for late summer.
"AGT’s uniquely designed greenhouses have gained
immense attention and market acceptance within the medicinal
marihuana industry. With increasing revenues, AGT is an integral
part of our business plan as THC Bank awaits its MMPR license filed
November 2013”, states Ron Shenton, President of Infinity
Minerals.
The company also reported that AGT has recently
quoted in excess of 1.0 million square feet for
its specialized greenhouses. Future sales announcements
will be made in a timely fashion.
About Advanced Greenhouse Technologies
AGT is a wholly owned subsidiary of The Herbal Clone Bank
Inc. of Kelowna, BC. AGT is a progressive company focusing on
modernizing the production of medicinal marihuana. The
founder, Barry Kuypers, is a 40-year veteran horticulturist,
with the vision of supplying automated, turnkey growing
environments. AGT designs, constructs and implements
greenhouses for the rapidly growing medicinal marihuana
industry.
About The Herbal Clone Bank Inc.
THC Bank, based in Kelowna, B.C., provides a full
range of services to licensed producers (LPs) in the
medicinal marihuana sector, with the goal of enhancing profit
margins and the LP's bottom line. Specific services provided
include propagation, direct cultivation and sale of purebred
cultivars; cloning; and marihuana strain storage.
The Company also announces that it has granted a total of
100,000 incentive stock options to Doug Reimer of Kelowna BC. The
grant allows for the exercise of the options at a price of $0.27 up
until expiry on June 10, 2014.
On Behalf of the board of directors,“Ron
Shenton”Ron Shenton, President
For further information, please visit the company’s website
at www.infinitymineralscorp.com or call 604-685-6806.
Email info@infinitymineralscorp.com
DISCLAIMER
The CSE has not reviewed and does not accept
responsibility for the adequacy and accuracy of this information.
This news release may contain forward-looking statements. These
forward-looking statements do not guarantee future events or
performance and should not be relied upon. Actual outcomes may
differ materially due to any number of factors and uncertainties,
many of which are beyond Infinity’s control. Some of these risks
and uncertainties may be described in Infinity’s corporate filings
(posted at www.sedar.com).
Infinity has no intention or obligation to
update or revise any forward looking statements due to new
information or events.
Infinity Minerals CorpRon Shenton,
604-685-6806info@infinitymineralscorp.com
Infinity Minerals Corp (TSXV:IFN)
Historical Stock Chart
From May 2024 to Jun 2024
Infinity Minerals Corp (TSXV:IFN)
Historical Stock Chart
From Jun 2023 to Jun 2024