cannabisnews.com: World's First Publicly Traded Marijuana Company 





World's First Publicly Traded Marijuana Company 
Posted by CN Staff on February 03, 2004 at 08:38:18 PT
Press Release
Source: Canada NewsWire 
New York -- Amigula Inc, OTC: AMJL - has completed the purchase of 51% of Medical Cannabis Inc. and announces their plans to file as a reporting issuer once again. The company plans to list on a major exchange beginning with an application for a listing on the American Stock Exchange (AMEX) as well as several European exchanges. "I believe the public will support the company in the stock market. It would be a favorable way to participate in an often - considered imaginative endeavor.
What is unique about this business proposal is that as a public company everyone now has a legal way to potentially make money in a budding medical marijuana industry," comments, Warren B. Eugene, President - Amigula Inc. The company views the current prohibition of marijuana as similar to that of alcohol, beer and tobacco. "We will lobby the government for bonded taxed marijuana warehouses." says Eugene. Forbes Magazine recently reported in November 2003 that the controversial plant holds an important place in world history and culture, not to mention business. Canada's marijuana crop is estimated at $4 billion to $7 billion. If it were controlled by a single company, it would be larger than Canada's oil and gas business and agricultural industries. On October 7, 2003 the Ontario Superior Court ruled that business and individuals be allowed to grow and supply medical marijuana, effectively relieving the Canadian government of its often criticized and fairly unsuccessful attempts. Health Canada "permitted persons" (exemptees) can now pay us to grow marijuana for them. The ruling makes it easier for sick people to get marijuana by allowing them easier access - more choice and a fair price. Health Canada estimates that 400,000 Canadians may require medicinal cannabis. We plan to capture app. 10% of the market in Canada - that's 40,000 patients at an average of $1000 dollars per patient, per year. The cost to produce marijuana is app. $150 dollars per pound. The profit margins are very large without taking advantage of ill people. It's a well-considered and responsible business model. In October 2003, the United States Supreme Court lifted the federal ban of medical marijuana and prosecution of doctors. "This may open the doors to a larger international market for our company," says Eugene. "We have improved the delivery, packaging and the costs," states Eugene. Our company has a mandate to develop and improve the medical marijuana business worldwide. We are on the acquisition and consolidation trail. This is a fast growing new industry and we have enjoyed the first mover - early adoptee advantage. The Canadian government, as of February 2004, may seek to approve Bill C- 38 or a derivative/variation of that Bill. The Bill insures Canadians have the right to possess up to 15 grams of non-medical marijuana. "We anticipate a favorable outcome. It would make good economic and political sense to regulate and tax marijuana as they do tobacco and alcohol. There is a huge untapped tax base available to pay down deficits, to properly fund social initiatives such as the ailing school system, the distraught medical system, social insurance, homelessness, the arts, sports, and contribute to the overall good of Canadians. $900 million per year in tax revenue may be realized", says Hilton P. Mijovick, company spokesperson. "Capitalism and Wall Street are now endorsing a fully legal legitimate Canadian Marijuana company," Says Mijovick. "The sky is the limit for our company". The real business - is promoting medical cannabis to doctors and hospitals and their patients. Our company is about to launch a large scale public awareness ad campaign across Canada. Our company assists individuals with their applications for this therapy with Health Canada. The public may sign an advance purchase form on our web site at www.amigula.com and apply to health Canada. If Health Canada gives people permission to have medical marijuana - then we will have it available for them. says Warren Eugene. The highest court in SAN FRANCISCO ruled in December 2003 - that personal cultivation and use of medical marijuana in a state that permits such activities can be outside the control of federal authorities. The decision by the 9th U.S. Circuit Court of Appeals directly affects our company's opportunity to expand. We are seeking acquisitions.For further information: Amigula Inc. -- http://www.amigula.com -- Warren B. Eugene, (416) 838-3600Source: Canada NewsWire (Canada)Published: February 3, 2004Copyright: 2004 Canada NewsWire Ltd.Contact: cnw newswire.caWebsite: http://www.newswire.ca/ Related Articles:Public Pot Company's Pipe Dreams http://cannabisnews.com/news/thread17921.shtmlGambling Pioneer Goes To Pot http://cannabisnews.com/news/thread17910.shtmlCannabisNews -- Canada Archiveshttp://cannabisnews.com/news/list/Canada.shtml 
Home Comment Email Register Recent Comments Help




Comment #10 posted by Rev Jonathan Adler on February 04, 2004 at 16:49:13 PT:
Legal Distribution is Closer in Hawaii!
Why fly to cold inclement locations in the world where you freeze your butt off to get some quality herbs legally?
Hawaii is possibly the warmest, most comfortable place to acquire your medical rights and products legally. Our bills HB2669 and SB3139 could open up Hawaii to medical marijuana tourism and investment. *Please support us Mr. Warren Eugene. I am still waiting to talk real story about brands acquisition and stateside cultivation for research and medical purpose. Aloha. Perfect partners? And then there is the question of genetics?
Hawaii Medical Marijuana Institute
[ Post Comment ]


Comment #9 posted by FoM on February 03, 2004 at 12:49:28 PT
kapt
Heck I have to look to see if I have it posted myself. It is easy to miss articles.
[ Post Comment ]


Comment #8 posted by kaptinemo on February 03, 2004 at 12:46:53 PT:
Sorry; I missed that one
But it's nice to know somebody else is also thinking along these lines...
[ Post Comment ]


Comment #7 posted by FoM on February 03, 2004 at 11:59:38 PT
kapt
Here's our copy if you or anyone would like to comment on it.http://www.cannabisnews.com/news/thread18231.shtml
[ Post Comment ]


Comment #6 posted by kaptinemo on February 03, 2004 at 11:54:14 PT:
Unrelated: States Rights vs. Fed Tyranny
More ammunition in the fight against Fed encroachment in State affairs and other such unConstitutional endeavors, courtesy of a link from DrugWarRant:http://blogs.salon.com/0002762/States Rights vs. Federal Tyranny
By David Morris, AlterNet
http://www.alternet.org/story.html?StoryID=17647
[ Post Comment ]


Comment #5 posted by E_Johnson on February 03, 2004 at 11:12:55 PT
Where is Joyce when we need her?
Joyce Nalepka, does your idea of keeping kids drug free extend to denying narcotic pain relief to teenagers with broken bones?
[ Post Comment ]


Comment #4 posted by druid on February 03, 2004 at 11:07:13 PT
Queen invited for coffee shop visit 
Dont know if you all saw this but I think it is pretty cool.source: http://www.expatica.com/source/site_article.asp?subchannel_id=19&story_id=4311AMSTERDAM  Groningen coffee shop De Vilegender Hollander has invited Queen Beatrix to visit the cannabis establishment to coincide with the Dutch monarch's trip to the northern city as part of Queen's Day celebrations on 30 April.To justify his invitation, the owner of the coffee shop  where true to Dutch coffee ship custom members of the public can smoke and buy marijuana  said the Queen is "a modern woman of the world open to new experiences"."I fear that like most Dutch people she does not have a good picture of our industry and the products that we sell," owner T. Buissink said. "We can explain to her how the weed works, what sort of people come here and how regulated the sale of cannabis is in the Netherlands."He also said the coffee shop visit was an appropriate addition to the type of Queen's Day celebrations promised by Groningen Mayor Jacques Wallage, newspaper De Telegraaf reported."It is something different from clog dancing and (games of biting) the cake," the coffee shop owner said.The Groningen coffee shop has not yet received a response to its official invitation to the Queen, but the Groningen Council has said it will take all suggestions into serious consideration.The Queen visits a different Dutch city every year on the 30 April public holiday to celebrate the birthday of her mother, Princess Juliana, as crowds gather in every city, town and village for street markets and partying of all shapes and sizes.The Groningen Queen's Day programme will be announced two weeks before 30 April.[Copyright Expatica News 2004]
Queen Invited to Coffee Shop
[ Post Comment ]


Comment #3 posted by E_Johnson on February 03, 2004 at 11:06:22 PT
Off Topic -- more scandals from California prison 
This time it's the juvenile prisons. The more I read this stuff, the more sure I am that dumping Gray Davis was a good thing:http://www.latimes.com/news/local/la-me-youth3feb03,0,3146875.story?coll=la-headlines-california SACRAMENTO ? California's youth prison system is a violent place where juveniles and staff live in constant fear of attack, according to a set of confidential reports that also criticize the correctional system for substandard medical care, psychiatric counseling and schooling.One of the reports says that at the California Youth Authority prison in Ione, east of Sacramento, juveniles with broken bones were denied prescription medication for pain. "Not to treat these groups with narcotic pain medication when necessary is unprofessional conduct, unethical and cruel," said the report, written by a team of independent experts. Denying juveniles such treatment, its authors said, was a decision of the chief medical officer, who professed an "adamant" opposition to giving narcotic medication to juvenile offenders.That report also said that inhalers often had not been provided to asthma sufferers and that youths sprayed with Mace ? a commonly used weapon in the system ? were sometimes not allowed to shower promptly, resulting in chemical burns on their faces.
[ Post Comment ]


Comment #2 posted by FoM on February 03, 2004 at 10:41:21 PT
Virgil
Is this what you are looking for?
Cannabis News Breaking News Archives
[ Post Comment ]


Comment #1 posted by Virgil on February 03, 2004 at 10:35:35 PT
Is Canada saying "We are ruled by bullshit?"
It seems like the help is about read to back hand the boss. Go for it. Isn't 80 years of lost freedom enough? What is going to be the prohibitionists crap now, we should go for the century mark since we are so close? FoM, I lost folder and was wondering if you could put up something for everyone. There is a feature at Cnews that let's you bring up 30 articles at a time. This is useful if you are searching for a date and articles around it. Say you think the Ontario Court of Appeals told the Canadians that there were no laws against prohibition on May 16, 2003. You can try a number and see what date you are and keep going backwards until you find your event.What I am concerned about now is the time limit to appeal to the Supreme Court on the 9th Circuit Court of Appeals ruling. Here we will see how far the Nazis want to push their treason. In section 8 of the legislative powers of the federal government granted by the states it has the commerce clause. The whole issue of federal prohibition rest on the few words, that are of course intrepreted by federal powers, in the Clause 3.To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes; Does that say prohibit commerce or regulate commerce and does that say within a state or among the states. We are ruled by treason.Clause 8 is another of that same Section 8. To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries;Does that say stop the progress of science or promote science? We are ruled by treason.It seems like we need to elaborate a new agreement among the states. 4000 words for such a big union is just not sufficient in these days of legalise and word processors. I want an elaboration of the inalienable rights of man spelled out. It is easy to see how the Constitution has been ignored. It is not misread. It is just corrupted by power that would ruin us. And yes we are ruled by treason. Don't apply the Constitutional definition as even if that was the one I was using, people would ignore that anyway.
[ Post Comment ]


Post Comment