Empower Clinics Inc. announced it has participated in a non-binding term sheet to acquire the business of Sun Valley Certification Clinics Holdings, a network of medical marijuana medical professional certification clinics based in Arizona. Sun Valley operates professional medical marijuana and discomfort management practices, with 5 clinics in Arizona,
one clinic in Las Vegas, a tele-medicine platform serving California, and a totally developed franchise business model for the domestic cannabis industry, which is thought to be the first of its kind in the United States. Dustin and Andrea Klein have been the owners/operators of Sun Valley since introducing their very first center in 2013, working within the standards of the Arizona Department of Health Provider Medical Cannabis Program to assist and license more than 20% of the present Arizona client population. The Kleins also introduced Sun Valley Science, LLC (” SVS “) in order to broaden their center offerings by offering clients with CBD and cannabidiol items to improve and support clients’ quality of life. Dustin Klein commented,” Sun Valley supports Empower’s new vision and highly thinks that our clients, our neighborhood, and our employees will benefit by signing up with the Empower group.
” Over the past five years, Dustin and Andrea have constructed a credible and orderly clinic network in Arizona, developing a patient list of more than 45,000 distinct patients, and have actually performed
over 61,000 accreditations to date. Sun Valley supports its patients with a vibrant dedicated group including 52 staff, including 30 physicians. Conclusion of the deal will be subject to various conditions, including entry into a definitive contract, conclusion of due diligence, and receipt of all needed investor, manager, third celebration and regulative approvals, consisting of approval of the CSE. Closing will also be conditional on Empower finishing a debt or equity funding to raise minimum gross earnings of $3,000,000 USD. Closing of the transaction is expected to happen on or about March 15, 2019. SUBSCRIBE HERE Success!