LOS ANGELES, CA--(Marketwired - March 26, 2014) - MediSwipe, Inc. (www.MediSwipe.com) (OTCQB: MWIP) (MWIP), a leader in Compassionate Care Technology and indoor/outdoor agricultural solutions for the medicinal marijuana industry, today announced that the Company is featured in today's Wall Street Journal as the "Deal Of The Week" highlighting the Company's commercial real estate and business strategy within the regulated medicinal marijuana and recreational market of Colorado. The Company recently announced it has completed the purchase and lease back of 80 acres zoned for agricultural use in Pueblo County, Colorado.
The full Wall Street Journal Article may be read here:
Some Landlords See a 'Growth' Industry
As part of the purchase and Joint Venture Agreement, MediSwipe will hold deed and title to the property within its wholly owned subsidiary, Agritech Venture Holdings Inc., and will maintain the exclusive Master Lessor rights for ninety-nine years. The exclusive agreement will enable the Company to sublease individual parcels of the 80 acre parcel to fully-licensed and compliant growers and dispensaries within the regulated medicinal and recreational market on behalf of the entire state of Colorado. MediSwipe will receive rents and management fees on providing infrastructure, water, electricity, equipment leasing and security services. The 80 acre greenhouse and managed facility once complete, will be the largest managed facility of its kind within the state.
"We are truly honored to receive coverage from the Wall Street Journal as one of the most respected financial publications and be recognized as an innovator within our industry. As a pioneer for over four years in this sector, it is our strategy to aggressively acquire properly zoned properties in multiple jurisdictions, and sublease these properties to fully licensed and compliant entities. Our facility in Colorado, presently under construction will be state of the art, and we are already finalizing the first tenant leases for occupancy by May 2014. Presently, we have entered into further negotiations for additional property in Colorado, with immediate plans for expansion into Washington State and Canada," stated B. Michael Friedman, CEO of MediSwipe.
About MediSwipe, Inc.
MediSwipe, Inc. (www.MediSwipe.com) provides innovative patient solutions and is the leader in Compassionate Care Technology for the medicinal marijuana industry. MediSwipe provides terminal-based service packages and integrated Web Portal add-ons for physicians, clinics, hospitals and medical dispensaries that include: digital patient records, Electronic Referrals, Credit/Debit Card merchant services, and health and wellness product lines including beverages, vaporizers and accessories. MediSwipe does not directly grow, harvest, or distribute or sell cannabis or any substances that violate United States law or the Controlled Substances Act, nor does it intend to do so in the future.
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of MediSwipe, Inc. to be materially different from the statements made herein.