New Revenue Stream Should Trigger Growth for this Cannabis Manager - BrokerBank

May 18, 2015, 14:00 ET from BrokerBank Securities, Inc.

NEW YORK, May 18, 2015 /PRNewswire/ -- Monarch America, Inc. (OTCBB: BTFL) a cannabis management company, recently announced that it has entered into an exclusive Management Services Agreement with Greensky Inc., a company establishing a marijuana cultivation operation in Colorado. Greensky is currently near completion of a new state-of-the-art 28,000 sq. ft. indoor medical and recreational marijuana grow facility designed and engineered by Monarch America. The Company anticipates that construction at the Denver location will be completed within 2-3 weeks with the required licenses and permits transferred to the location within 30 days.

The agreement is for a term of three years in which Monarch America will oversee and manage all facets of cultivation, distribution, and operations relating, directly and indirectly, to both medicinal and recreational marijuana and marijuana related products.

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