Infinity Target Acquisition Books Sale in Excess of $1 Million
12.06.2014 | FSCwire
Vancouver, British Columbia CANADA, June 12, 2014 /FSC/ - Infinity Minerals Corp. (IFN - CSE),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
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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).
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