Aug 29 2015
Monarch America, Inc. ("Monarch America" or the "Company") is pleased to announce that it has entered into a Consulting and Construction Management Agreement (the "Agreement") with Mary JaneCo, LLC ("Mary JaneCo"), a company establishing a multi-use cannabis facility in the state of Washington.
As per the Agreement, Monarch America will provide advisory and consulting services to Mary JaneCo related to cultivation facility design, cultivation facility construction management, general cultivation (seed to sale), CO2 extraction facility design, CO2 extraction facility construction management, products procurement, general consulting and advisory, and general construction management.
In addition to fees for providing ongoing advisory and consulting services, the Agreement also calls for Monarch to receive a General Construction Management Services fee equal to twenty-percent (20%) of the total construction costs of the planned facility. The Agreement is for an initial term of two (2) years.
"I am very excited to have expanded our established cannabis consulting and advisory business into another very active region of the country," stated Eric Hagen, CEO of Monarch America Inc. "With our design and engineering teams in place, and the expertise and equipment from The Big Tomato, I am confident that our first project in Washington can be a definite near and long term success."
Design and planning of the Auburn, Washington location has already started and is expected to be completed within 30 days. The Company anticipates that construction will commence immediately following planning and approval, and should take 4-6 weeks to complete.
About Monarch America, Inc. (BTFL)
Monarch America, Inc. (OTCQB: BTFL) is a fully integrated management and consulting company, delivering trusted high-value products, services, and turnkey solutions to the legal and regulated marijuana and hemp industry. While not directly engaged in the sale of marijuana or hemp, Monarch America is equipped to oversee and manage all facets of retail operations, from property management, and technology and equipment leasing, to inventory control, staffing, and day-to-day operational management. The Company's wholly-owned subsidiary, The Big Tomato, Inc., is a leading supplier of hydroponics & indoor gardening supplies for Denver, Colorado and the surrounding communities since May of 2001. Monarch America also develops and markets various high-quality branded hydroponics and commercial growing products for national distribution.
Additional information regarding Monarch America, Inc. (OTCQB: BTFL) can also be found at www.MonarchAmerica.com.