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0.0004 0.0 (0.00%)SutimCo Inc. Signed a definitive agreement and shareholders updates. |
Signed a definitive agreement and shareholders updates.
DALLAS, TX -- July 2nd, 2015 -- InvestorsHub NewsWire -- SutimCo Inc. (OTC PK: SUTI) ("The Company")
The company has signed a definitive agreement with the new strategic partners in Oregon. The company will release and update the website with the information and pictures of the dispensary and all the relevant information.
The company is poised to do great things! We are very focused on executing the plan and expanding our presence in the Cannabis/MJ market space. I believe that we are in a very unique position to establish great branding for our company and vertically integrate SUTI into several areas of this vastly expanding market segment. Stated CEO, Jorge Saenz.
The company recently posted following updates:
The company is pleased to announce the confirmation of the filing for the dividend with the sister company, ProTek Inc., and the completion of the first MOU.
The company is in receipt of confirmation of the Dividend Filing as well as the receipt from FINRA.
The management filed the request for Dividends with FINRA. As of todays filings, the dates are as follows;
1. Record date July 15th, (this is the date that determines what amount of shares are held by the shareholders on July 15th, and therefore the dividend will be issues on a 20 to 1 ratio from the number of shares held on record date, for every 20 shares of P
RPM the shareholder will get 1 share of SUTI).
2. Payment/distribution date July 30th: (This is when the dividend is scheduled for payment)
3. Declaration Date July 1st: This is the date when this filing was announced to the public.
The management is currently waiting for the official approval from FINRA, which will follow by a Press Release from both FINRA and then both the dividend receiving comp any, ProTek Capital Inc., (PRPM ) and the dividend issuer SutimCo International Inc. (SUTI)
Im very excited that our dividend was filed and we can satisfy our shareholders with another completed promise. It is also, a great day for all of our companies, since today, July 1st is the start of the new MJ law in Oregon. What makes this date so significant, is that as promised, Im actually driving to visit and sign the definitive agreement with our recent acquisition. Im excited to report that we are on track to complete our goals and finish the milestones of development that we set out. I will post a definitive PR tomorrow. Stated Mr.Saenz, CEO of SutiMco International Inc.
Some of the best recent Quotes:
In strict medical terms marijuana is far safer than many foods we commonly consume. For example, eati ng 10 raw potatoes can result in a toxic response. By comparison, it is physically impossible to eat enoug h marijuana to induce death. Marijuana in its natural form is one of the safest therapeutically active substa nces known to man. By any measure of rational analysis marijuana can be safely used within the supervis ed routine of medical care.
[DEA Administrative Law Judge - 1988]
Francis Young
"When I was a kid I inhaled frequently. That was the point."
- Barack Obama, U.S. President quote on Marijuana
"I enjoy smoking cannabis and see no harm in it".
- Jennifer Aniston quote on Marijuana
"At the end of 2014, 15,992 people were licensed to work in the marijuana industry in Colorado alone, an increase of 143% over the previous year."
"A recent report from The ArcView Group, a cannabis research and investment firm, dubbed legal mariju ana the fastest-growing industry in the U.S. and valued it at $2.4 billion in 2014 - the year legal, recreatio nal marijuana sales first started in Colorado. ArcView is expecting the industry to grow by another 32% this year."
I think people need to be educated to the fact that marijuana is not a drug. Marijuana is a flower. God put it here Willie Nelson
"'2014 was the year where the cannabis industry went from being an interesting casual conversation to
something any serious business person has given a fleeting thought,' said Troy Dayton, cofounder of The ArcView Group."
"Unlike other new industries, the demand for cannabis and related products already exists, driving the sec tor's rapid growth. The industry grew from $1.5 billion in 2013 to $2.7 billion in 2014 - a 74% increase i n one year, according to The ArcView Group's latest market analysis report."
"Federal and state laws (should) be changed to no longer make it a crime to possess marijuana for private use. " Richard M. Nixon
About Sutimco Inc.
Sutimco Inc., is a development corporation with a focus and design to enter a new and emerging Medicinal and Recreational use Marijuana and Cannabis market sectors. The company is developing rela tionships and contracts with product and service providers that cover all aspects of this new and emerging market sector.
Contact: stassan@sutimcointernational.com
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